Equest could list Domo on the London SE for full takeover

British investment fund Equest Investments Balkans (EIB), which, through its subsidiary Lynx Property, took over 75% in Domo, the third largest electronics and home appliances retailer in Romania, could list the company on the London Stock Exchange in order to acquire the 25% stake left in the property of the founding members. Equest, which holds 75% in Lynx Property, indirectly controls over 56% in Domo’s stakes, and has a pre-emptive right to take over the remaining 25% stake, held by the founders of the retailer through Dominuse company. Among the founding shareholders of Dominuse are the general manager, Lorand Szarvadi-Teglas, with a 55% stake, the development manager Zsuzsanna Szarvadi-Teglas, Ferenc Hegedus and the financial manager Alexandru Mnohoghitnei. “Equest will be able to take over Domo’s full stake at least 3 years after the 75% takeover of the company. They could also resort to a listing during this period, probably on the London Stock Exchange, if they want the full stake,” said Lorand Szarvadi, general manager of Domo.