Roca Industry Holdingrock1 S.A. (BVB:ROC1) said on August 12, 2022 it is in advanced negotiations for the acquisition of a 77.5% stake in Lithuanian company Iranga Technologijos for EUR 4 million ($4.12 million). The acquisition would be made through ROCA Industries' subsidiary Bico Industries, the company said in a statement filed with the Bucharest Stock Exchange, BVB. The deal will support the diversification of the markets in which the holding companies are present and contribute to the creation of added value through synergies and common tools, the company added.