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March 24, 2023

Cocor store was put forward to sale against EUR 50 M

The shareholders of Cocor Bucuresti, the owner of the store with the same name in Bucharest, approved the sale of all assets, for company restructuring, the price asked by shareholders for the store being EUR 50 M. “As against the price proposed, the chairman of the Administration Board shall be authorized to sell, conditional upon the approval of the Administration Board, at a price not lower than 50 per cent of the value above mentioned. Any reduction in the price below 50 per cent can only take place conditional with the General Shareholders Assembly”, based on information sent to Bucharest Stock Exchange.

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