Former SIF Transylvania Has a Budget of Seven Million Lei for the Purchase of Packages of Minority Shareholders of the Hotel Company Aro Palace • Economy Biz Brasov
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Transylvania Investments Alliance (TRANSI), which concentrates 95.99% of the Aro Palace hotel company's shares in Brasov (ARO), a package that allows for delisting under current law, has obtained from the Financial Supervisory Authority (ASF) the opinion for the initiation of shareholder withdrawal procedures. Aro Palace falls on the stock exchange. Transylvania Investments Alliance begins delisting the company that will operate [...]
The procedure for withdrawing shareholders was initiated at Aro-Palace, at a reduced price of 2 tranches compared to the AeRO market share.
Transylvania Investments Alliance (formerly SIF Transylvania), which holds 96% of ARO-Palace Brasov (ARO), has received the ASF approval for the procedure for withdrawing minority shareholders. The remaining 16,2 million shares will be taken at the price of 0,4555 lei/action, established by the PwC evaluator. The package is worth a total of over 7 million lei (over 1.3 million euros). [...]
ANNOUNCEMENT concerning the initiation of the procedure for the withdrawal of minority shareholders of ARO-PALACE S.A. Brasov in accordance with Article 44 [...]
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