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TERAPLAST SA - TRP

European Commission's notice for the sale of TeraSteel and Wetterbest

Release Date: 1/13/2021 9:57:34 AM

IRIS Code: 4CB6F

CURRENT REPORT

According to Law no. 24/2017 and FSA Regulation no.5/2018

 

 

Date of the report: 13.01.2021

Name of the issuer: TERAPLAST S.A.

Registered office: Saratel village, Sieu-Magherus commune, DN 15A, KM 45+500, Bistrita-Nasaud county

Telephone/Fax: 0263/238.202; 0263/231.221

Trade Register Office Number: J06/735/1992

VAT Number: 3094980

Subscribed and paid-up capital: RON 174.320.047,80

Regulated market for shares admitted to trading: Bucharest Stock Exchange, standard category

Market symbol: TRP

 

Important events to report: 

The sale of TeraSteel and Wetterbest was approved of the European Commission’s Competition Authority

 

The European Commission approved, on January 12, the sale of TeraSteel and Wetterbest to Kingspan Group. The TeraPlast Group has been informed of the approval notice by the advisors that managed the notification process.

For the closing, the approval from the Serbian Commission for the Protection of Competition needs to be received too. The Group estimates to receive it mid-February.

After receiving the approval from the Serbian authorities, the transaction’s initial consideration shall be determined and paid.

On July 24, 2020, TeraPlast Group announced the sale of the Steel division to Kingspan Group. The Steel division is comprised of the business lines operated by TeraSteel SA (Romania), TeraSteel D.O.O (Serbia) and Wetterbest SA (Romania).

Two other transactions of the TeraPlast Group await the Romanian Competition Council’s approval. These concern the sale of the window profiles business line of TeraPlast SA and the acquisition of the majority stake in the flexible packaging manufacturer Somplast SA.

 

 

 

 

About TeraPlast

Starting July 2nd, 2008, TeraPlast SA – the parent-company of the TeraPlast Group – is listed on the Bucharest Stock Exchange under the TRP symbol. TeraPlast’s shares are included in the BSE reference index, BET, and since the third quarter of 2020 in FTSE Russell’s Total Cap and MicroCap indices.

Within the Vektor evaluation based on 15 criteria for investor relations communication, conducted by ARIR, TeraPlast received the highest mark: 10.

 

_________________

ALEXANDRU STANEAN

CEO TeraPlast S.A.

 

 

For additional information you can reach us by

e-mail investor.relations@teraplast.ro or phone no. +40 741 270 439 – contact person: Alexandra Sica.



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