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Nov 20, 2017 14:57 EEST
SOFIA (Bulgaria), November 20 (SeeNews) – Bulgaria’s financial regulator said it has allowed the publication of a revised buyout bid by Dutch-based Dietsmann for the purchase of the remaining 480,295 shares in Bulgaria’s Energoremont Holding [BUL:6EG] it does not already own.
Dietsmann is offering to pay 4.15 levs ($2.55/2.12 euro) per each of the Energoremont Holding shares it wants to acquire, the Financial Supervision Commission said in a statement last week.
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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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