* The CNVM has its hands tied, as offshore companies Jovline and Zalois refuse to launch a public takeover bid

* Cristian Duţescu, the representative of "East Capital": "A document proving that Interagro owns Amonil has surfaced"

Swedish company "East Capital", which owns 13.5% of "Amonil" Slobozia, through "Salink Limited", is again demanding that shareholders which control the majority stake in the fertilizer producer launch a public takeover bid.

"Salink Limited" became a shareholder of "Amonil" (AMO) in June 2008, when the price of its stock was 0.08 lei/share. Since then, the value of their stake in the company dropped about 78%: on Friday, shares of AMO were trading at 0.0177 lei. The launch of a public takeover offer for "Amonil" seems the best possibility for the Swedes to make an exit as honorable as possible, since if they were to sell their stake on the Bucharest Stock Exchange they would suffer heavy losses.

The request of the Swedish firm is not a new one, as they have been trying since 2008 to convince the Romanian Securities Commission (CNVM) to force the shareholders who hold the majority stake of "Amonil" to launch a public takeover bid. "Amonil" is controlled by two companies located in the Belize islands, Zalois and Jovline, which hold 32.19% and 18.22%, respectively. A company of the county of Bihor, "Eurorom Trade & Invest", holds around 5%, according to data published on the website of the Bucharest Stock Exchange.

"The first reply of the Commission when we asked for a public takeover bid was that they do not have sufficient information concerning the shareholders of Amonil", said for BURSA, Cristian Duţescu, the lawyer of "Salink Limited" in Romania, who added: "Some new information has surfaced... following information which appeared in the media, we have uncovered a document from the Ministry of the Economy wh