The parties agreed on a transaction value of EUR1.8 million, consisting of EUR1 million as a contribution by TeraPlast SA to the capital of Palplast Moldova and EUR800,000 to be paid to the existing shareholder. Thus, the owners will be TeraPlast, with a 51% stake, and Fribourg Capital, the current shareholder, with 49%.
The EUR1 million will be used by Palplast Moldova to diversify production capacity and expand the existing logistics platform, according to a report to the Bucharest Stock Exchange.
(English version by Loredana Fratila-Cristescu)