Zentiva Group, registered in Prague, Czech Republic, will buy the remaining 28 million SCD shares, accounting for 4.0251% in the issuer on the Bucharest Stock Exchange. Once Zentiva Group gets 100% in Zentiva SA, the latter will be delisted.
The tender offer will be conducted between September 25 and October 8 at a price of RON4.1 per hare, 1.5% higher than the current trading price, according to a Bucharest Stock Exchange report.
Zentiva SA doubled net profit to RON143 million in the first half of 2024, while revenue grew by 22% to RON551 million, as a result of an increase in sales.
Its shares have gained 38% since the beginning of the year and 71% in the past 12 months, while capitalization stands at RON2.8 billion.
(English version by Loredana Fratila-Cristescu)