M&A Activity • Dec 24, 2021
M&A Activity
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Date of report: December 24, 2021 Name of issuer: Alro S.A. Headquarters: Slatina, 116 Pitesti Street, Olt County Telephone/ fax number: +40 249 431 901 / +40 249 437 500 Sole registration number at the Trade Register Office: RO 1515374 Trade Register Number: J28/8/1991 The European Unique Identifier (EUID): ROONRCJ28/8/1991 Legal Entity Identifier (LEI): 5493008G6W6SORM2JG98 Subscribed and paid-in share capital: 356,889,567.5 RON Regulated market on which the issued shares are traded: Bucharest Stock Exchange – Premium Category (market symbol: ALR)
Ref: Current report prepared in compliance with ASF Regulation no. 5/2018, with subsequent amendments and additions, and with the stipulation of Law no. 24/2017 article no.139 pertaining to Issuers of Financial Instruments and Market Operations, republished.
The company announces to investors and the interested public that it has completed the steps for integrating the sales activity in the structure of the Alro group, by completing the acquisition of the company Vimetco Trading SRL from its majority shareholder, Vimetco PLC and its subsidiary, Vimetco Management Romania.
The transaction, which was carried out at the assessed market value of Vimetco Trading, will allow Alro to improve its synergies between production and sales of finished products and also benefit from a sales and marketing team with a consolidated experience in over 10 years of activity.
As a result of the transaction, Alro becomes associated with 100% of the capital of Vimetco Trading, which since 2008 has acted mainly as agent without representation of Alro in all markets of aluminum products in the world.
Chairman of the Board of Directors Managing Director Marian Daniel Nastase Gheorghe Dobra
Alro S.A. 116 Pitesti Street Phone: +(40) 249 431 901 [email protected]
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