Consequently, TeraPlast now holds the majority stake in Palplast, respectively 51%, while the current shareholder, Fribourg Capital, retains 49%. The total value of the transaction amounts to EUR1.8 million, with TeraPlast SA injecting EUR1 million into Palplast’s equity and EUR800 thousand paid to the existing shareholder.
“Palplast Moldova will use the obtained amount to diversify its production capacity and expand the logistics platform”, the report reads.