“The announcement by which the company Zentiva Group a.s. Prague, together with the person with whom it acts in concert, expresses its intention to initiate the procedure for the withdrawal of the shareholders of Zentiva SA Bucharest, at a price of RON4.5134 /share, is approved,” a report published on the BVB says.
Zentiva shares will be suspended from trading starting on the third business day after the announcement has been published. The announcement comes after the Czech-held Zentiva group reached a 96% stake in the manufacturer after the tender offer conducted between September 25 and October 8.
Following the operation brokered by BRD SocGen, Zentiva SA came to fulfill the conditions for delisting from the Bucharest Stock Exchange, as the majority shareholder owns more than 95% of the company’s share capital.
(English version by Loredana Fratila-Cristescu)