SIF Muntenia plans to buy the 1.27 million stock in Transchim it doesn’t own at RON2.5 per unit, equal to the shares’ face value.
The price was set by the buyer and it represents the highest price paid by SIF Muntenia for Transchim stock in the past 12 months.
The operation will unfold between January 20 and February 9, brokered by SSIF Broker (BRK.RO).
According to the latest reports, SIF Muntenia holds 45.98% in Transchim, which puts it under obligation to launch a takeover offer. SSIF Broker holds 18.1% in the transporter.
Transchim shares closed Friday at RON2.3 on the Rasdaq market, down 0.86% on the reference. The company has a market value of RON5.44 million.