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Teraplast SA — M&A Activity 2019
Jun 3, 2019
2298_iss_2019-06-03_915a8dd7-9562-45b9-af42-b051b397c352.pdf
M&A Activity
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TeraPlast explores strategic opportunities for some of its business lines
The TeraPlast Board of Directors, in line with its commitment of increasing the TeraPlast Group's value, intends to start an exploration and assesment process of the potential strategic opportunities related to the thermal insulating panels and metallic roof tiles business lines which are at present managed by TeraSteel Romania, TeraSteel Serbia and Depaco – subsidiaries of the company (Steel division). The aim is to diversify the Group's equity base.
In accordance with the interest shown during the dialogue with potential investors, all elements regarding potential transactions will be defined, with TeraPlast obtaining all necessary corporate approvals and elaborating all legal matters needed, afterwards. Therefore, further reports will be published when and if neccessary.
There is no assurance that this exploration and assesment process will result in a transaction.
About the TeraPlast Group
With a tradition of over 120 years, the TeraPlast Group is currently the largest Romanian construction materials producer. The Group comprises of the following companies: TeraPlast, TeraSteel Romania & Serbia, Wetterbest (Depaco), TeraGlass, TeraPlast Hungary. Starting with April 2019, the recycling business has been spun off in the independent company TeraPlast Recycling.
Since the 2nd of July, 2008, the largest company of the Group – TeraPlast SA – is listed at the Bucharest Stock Exchange under the TRP symbol. TeraPlast's shares are included in the following indexes: BET-BK, BET-XT, BET-XT-TR and BET-Plus.
| TERVATI | TeraPlast | TeraSteel | TeraGlass |
|---|---|---|---|
| PLAST | TeraPlast | TeraSteel | |
| GROUP | Hungary | Serbia | wetterbest |