Romanian businessman George Copos wants to launch another public takeover offering in order to delist electrical engine producer Ana Imep Pitesti (in which he holds a stake of almost 75%) from the Rasdaq market.
Ana Imep is a profitable company, but Copos has not granted shareholders any dividends. He used the company to participate in capital increases in Ana Hotels, another company he controls. Ana Imep stocks were suspended from trading on the Rasdaq electronic bourse on Friday. “We received a request from the National Securities Commission to suspend the stock from trading, since a public offering would be launched with a view to the delisting of the company,” stated Adrian Resmerita, director of the issuers department of Radsaq. Copos was not available to provide comments on the future public offering.
The offering side had not made public, by Friday, the preliminary announcement on the delisting offering that includes the minimal price to be specified in the offering and the brokerage that is to be the offering intermediary.
The last quotation for Ana Imep on the Rasdaq Electronic Bourse stood at 3,200 ROL/share, with the company’s market value amounting to 19 million euros. In recent weeks, Ana Imep shareholders included the company Grivco, owned by businessman Dan Voiculescu, and Camelia Voiculescu, his daughter. Grivco and Camelia Voiculescu, currently owning 10% of Ana Imep, will help Copos withdraw Ana Imep stock from the Rasdaq.
Through the Ana Group, Copos owns almost 75% of the stock of the Pitesti-based company and in order to achieve its delisting he should launch two public offerings: one in order to reach the 90% threshold, followed by a second one for delisting.
vlad.nicolaescu@zf.ro