Vimetco mulls over decrease in Alro stake

Vimetco mulls over decrease in Alro stake

Aluminium group Alro SA in Romania reports that its majority shareholder Vimetco N.V., which currently holds more than 84% of the company’s share capital, is exploring strategic options for a potential decrease of its ownership stake in Alro, and is reviewing any available options depending on market conditions, including a secondary public offering of shares on the Bucharest Stock Exchange. No firm decision has yet been made to move forward with a transaction. Further announcements will be made as soon as a firm decision is made.

Share this post