The local council of the town of Sfântu Gheorghe will begin the procedure for the sale of 1,200 shares it owns in the Transilvanian Trousers Company, a textile maker, and the sale price has been set at 100,000 Euros.

According to the specialized report, in order to complete the sale of the shares, an Evaluation report was drafted, which has determined that the 3% stake held by the Local Council is worth 438,384 lei. The price of a share has been set at 365.32 lei, based on the corrected net assets of the company.

So far, shareholder dr. Dietrich Bock und Partner Unternehmensberatungsgsellshaft Gmbh, has expressed interest in the deal, and has offered 100,000 Euros, an amount greater than the evaluated value. The sale procedure will only be completed after the General Shareholder Meeting approves the sale of the shares.

Ovidiu VRÂNCEANU (Translated by Cosmin Ghidoveanu) The local council of the town of Sfântu Gheorghe will begin the procedure for the sale of 1,200 shares it owns in the Transilvanian Trousers Company, a textile maker, and the sale price has been set at 100,000 Euros.

According to the specialized report, in order to complete the sale of the shares, an Evaluation report was drafted, which has determined that the 3% stake held by the Local Council is worth 438,384 lei. The price of a share has been set at 365.32 lei, based on the corrected net assets of the company.

So far, shareholder dr. Dietrich Bock und Partner Unternehmensberatungsgsellshaft Gmbh, has expressed interest in the deal, and has offered 100,000 Euros, an amount greater than the evaluated value. The sale procedure will only be completed after the General Shareholder Meeting approves the sale of the shares.

Ovidiu VRÂNCEANU (Translated by Cosmin Ghidoveanu)