November 25, 2017

Interagro launches public bid for the mandatory takeover of Giurgiu Nav

According to a press release by ASF (Insurance Supervisory Commission), cited by bursa.ro, ASF approved the public bid for the takeover of Giurgiu Nav SA (GIUR) by Interagro SRL. The public takeover bid will take place between 1 and 22 August. The goal is purchasing 1.64 million GIUR shares by SC Interagro SRL (7.4552 % of the company’s share capital) for the price of RON 0.85 per share. The nominal value for a GIUR share is RON 0.6. The bidding intermediate is SSIF Swiss Capital SA. Interagro SRL currently holds 92.5448 % of the share capital of SC Giurgiu Nav SA.

Source: Nine o’clock (read more)

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