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Croatia’s share indices extend gains thanks to Podravka, Adris
Ljubljana share indices end week up, Telekom Slovenije leads gainers
Oct 18, 2007 18:01 EEST
BUCHAREST (Romania), October 18 (SeeNews) – Romanian drug wholesaler Farmaceutica Remedia will raise its share capital to 10.6 million lei ($4.5 million/3.2 million euro) from 1.06 million lei via a bonus issue to finance its operations, it said on Thursday.
The company will offer to its current shareholders some 95.5 million shares at their face value of 0.1 lei each, Farmaceutica Remedia said in a statement after a shareholders meeting.
Shareholders will be able to subscribe nine new shares for each old one owned during the 31-days subscription period, which starts from the date on which the decisions of the shareholders meeting are published in the official gazette. The unsubscribed shares will be offered to other interested investors at a price between 0.5 lei and 1.0 lei.
Farmaceutica Remedia stock last traded on October 17, closing 3.23% higher at 8.0 lei per share on the over-the-counter market RASDAQ.
Romanian businessman Valentin Norbert Tarus now owns 65.98% of Farmaceutica Remedia, after selling last week a 5.18 % stake to the U.S. investment fond Julius Baer and another 8.95% in other transactions. The remaining 19.89% of the drug wholesaler is distributed among other minority shareholders.
(1 euro = 3.341 Romainan lei)
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