The TeraPlast Board of Directors, in line with its commitment of increasing the TeraPlast Group’s value, intends to start an exploration and assessment process of the potential strategic opportunities related to the thermal insulating panels and metallic roof tiles business lines which are at present managed by TeraSteel Romania, TeraSteel Serbia and Depaco –subsidiaries of the company(Steel division). The aim is to diversify the Group’s equity base, it said.
The group had consolidated revenues of RON805 million in 2018, nearly double compared with 2017.
“In accordance with the interest shown during the dialogue with potential investors, all elements regarding potential transactions will be defined,” the group said.
There is no assurance that this exploration and assessment process will result in a transaction, it noted.