# 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.

- Type: Acquisition
- Announced: 2020-03-03
- Where: Craiova, Romania
- Status: announced
- Products: power transformers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Al-Arrab Contracting Company](https://endata.com/companies/45787.md) (acquirer)
- [Electroputere Craiova](https://endata.com/companies/45788.md) (target)

## Sources

- [mediafax.ro](https://www.mediafax.ro/english/saudi-al-arab-reaches-96-6-ownership-of-electroputere-craiova-18940970), 2020-03-06: "The company is in the process of closing its operational activity and was left with just 37 employees at the end of 2019."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.