Teraplast S.A. (BVB:TRP) agreed to acquire 70% stake in SC Somplast SA on December 29, 2020. The transaction was financed from the proceeds of selling the land for 1.3 million. Teraplast S.A. will take control over Somplast following the receipt of the Competition Council approval.
Teraplast S.A. (BVB:TRP) completed the acquisition of 70% stake in SC Somplast SA on April 14, 2021. The approval from Romanian antitrust authority was received on April 14, 2021.