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Nov 20, 2017 17:18 EEST
SOFIA (Bulgaria), November 20 (SeeNews) – The board of Bulgaria’s Energoremont Holding [BUL:6EG] said on Monday that the buyout bid submitted by its majority owner Dietsmann is a fair offer to the company’s minority shareholders.
Dietsmann is offering to pay 4.15 levs ($2.55/2.12 euro) per each of the 480,295 Energoremont Holding shares it wants to acquire, the Bulgarian company said in a bourse filing.
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Last week, the Financial Supervision Commission said it has allowed the publication of a revised buyout bid by Dutch-based Dietsmann for Energoremont Holding.
Dietsmann revised its buyout bid earlier this month after its initial offer was suspended by the financial regulator in October.
Energoremont Holding and its seven affiliate companies manufacture power equipment, spare parts and metal structures for companies operating in power engineering, chemistry and metallurgy. It has representative offices in Serbia, Macedonia, Kosovo and Turkey.
(1 euro = 1.95583 levs)
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