26 June 2012 11:31 [Source: ICIS news]
BUCHAREST (ICIS)--Swiss grain and fertilizer trader Ameropa Holding has acquired a further 20.53% stake in ?xml:namespace>
The company is now able to delist Azomures from the Bucharest Stock Exchange as it owns 96.42% in the fertilizer producer, it said.
A takeover offer for a 24.1% stake in Azomures took place between 5-25 June, at a price of New Lei 2.22/share.
In May, citing the costs of required refurbishment investments, Azomures estimated that its annual net profit would fall sharply this year to New Lei 143.7m, compared with the New Lei 346m it recorded in 2011.
($1 = New Lei 3.57, €1 = New Lei 4.47)
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