April 26 (SeeNews) - Bulgaria’s financial regulator said it has allowed the publication of a revised bid of Dutch-based Dietsmann for the purchase of the remaining stake 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 on Wednesday.
You can subscribe to our M&A newsletter here
Dietsmann revised its buyout bid earlier this month after its initial offer was suspended by the financial regulator in March.
Dietsmann is seeking to acquire 386,621 Dietsmann Energoremont Holding shares, the regulator said at the time.
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)