The majority shareholder Vimetco N.V. is exploring strategic options for a potential decrease of its ownership stake in Alro S.A.

Mon, 05/21/2018 - 11:09

The Company has been informed by its majority shareholder – Vimetco N.V., which currently holds 84.1898% of the Company's share capital ("Vimetco") – that Vimetco is exploring strategic options for a potential decrease of its ownership stake in the Company and is reviewing any available options depending on market conditions, including a secondary public offering of shares on the Bucharest Stock Exchange. The review is ongoing, including with respect to the level of decrease in its ownership stake, which is subject to a number of elements taken into account by Vimetco, to market conditions and required approvals. No firm decision has been yet made to move forward with a transaction. Further announcements will be made as and when a firm decision is made.