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Investment firm R2G Rohan Czech is proceeding with its takeover bid for Pegas Nonwovens at 1,010 crowns per share, valuing the company at 8.9 billion crowns, after Wood Textiles Holding decided not to block the deal.
R2G Rohan Czech, owned by Oldřich Šlemr's family foundation and entrepreneurs Eduard Kučera and Pavel Baudiš, announced its intention to acquire all shares of Pegas Nonwovens, a major nonwoven textiles producer, at CZK 1,010 per share.