Al-Arrab Contracting Company increases stake in Electroputere Craiova to 96.63%

Al-Arrab Contracting Company bought 11.4 million shares of Electroputere Craiova in a buyback offering, raising its stake from 95.53% to 96.63%. The offering period ended on March 3, 2020.

“The company is in the process of closing its operational activity and was left with just 37 employees at the end of 2019.”mediafax.ro

• 1 source
• mediafax.roSaudi Al-Arab Reaches 96.6% Ownership of Electroputere CraiovaOana GavrilaMar 6, 2020

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