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Slovenia's Unior sells 49% stake in Romanian sector player

Author Radomir Ralev
Slovenia's Unior sells 49% stake in Romanian sector player Photo: Slovenia's Unior

LJUBLJANA (Slovenia), June 23 (SeeNews) - Slovenian blue-chip hand tools manufacturer Unior [LJE:UKIG] has sold its 49% stake in the capital of Romania's Unior Tepid to local investor Dan Dabuleanu for 2.5 million euro ($2.6 million), it said.

Unior signed the sale contract on June 15 and the buyer paid the purchase price on June 16, the hand tools manufacturer said in a filing with the Ljubljana Stock Exchange on Wednesday.

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The purchase price exceeds the value determined by a certified consultancy before the transaction, it said.

Unior bought the 49% stake in Unior Tepid in 2006 with the aim of becoming the leading supplier of hand tools in Romania. The Romanian company has some 60 employees.

($ = 0.95002 euro)

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