SGB-SMIT to buy Retrasib

German group SGB-SMIT recently signed an agreement to buy a majority stake in a future voluntary takeover bid of Retrasib, the most important Romanian power transformers producer, listed on the Bucharest Stock Exchange. Retrasib is one of the oldest clients of Ciurtin & Associates, for which the law office provides permanent legal support for activities regarding corporate governance, production, investment, financing and national and international trade of high voltage power transformers. Retrasib had a turnover of 9.86 million euros and a 470,000 euros net profit in 2013. It has more than 100 employees. 

26th of July, 2014

 

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