Eletroarges, the household appliances producer controlled indirectly by Catalin Chelu, will run a public offer to take over Elars Ramnicu Sarat by acquiring a stake of 2,88 million shares at RON 0,10/share, writes zf.ro.
Eletroarges is offering RON 288,400 for the 12.37 percent of share capital it needs to gain complete control over the company, a well-known producer of screws and other assembly equipment.
The offer will run between September 2 and 22 and will be mediated by Eldainvest, according to a press release.
Catalin Chelu’s group currently controls 87.62 percent of Elars’ shares after purchasing SIF Oltenia’s stake in the screws manufacturer back in June.