Macon Raises Stake in Romanian Building Materials Maker Simcor Oradea to 95.7%

Macon, owned by Polish-based private equity manager Enterprise Investors (EI), placed a buyout bid for 21.55% of Simcor Oradea on October 10 on the over-the-counter market RASDAQ, offering to pay 17.5 lei per share.

Simcor Oradea shares last traded in regular trading on Monday, ending unchanged at 17.1 lei.

The company is part of Simcor Group, which was acquired by Macon in July for 53 million euro ($69 million). Under the deal, Macon bought majority stakes in the seven companies comprising the Simcor Group: 78.45% in Simcor Oradea, 50.14% in Simbeton, 93.06% in Simterac, and 100% in each of Simcor Var, Simcor Management, Simpromat and Simsped.

(1 euro = 3.6797 Romanian lei)