Romania Ameropa Grains’ Delisting Price Proposed At RON9.11/Share
Swiss grain trader Ameropa Holding AG proposes a price of 9.11 lei (roughly EUR2.1) a share to delist its Romanian unit Ameropa Grains Constanta (CCRL.RO) from the Bucharest Stock Exchange, 66% above the latest market price.
Ameropa Grains was last traded in Bucharest on November 10 at RON5.5 a share.
Ameropa Holding owns 96.57% in Ameropa Grains and plans to purchase the remaining shares before delisting the company. The Swiss company will offer RON2.5 million (EUR579,000) for the remaining 3.43%.
The Romanian securities commission sanctioned the operation Tuesday and suspended Ameropa Grains from trading.
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