PIF Industrial SRL made an offer to acquire an additional 55.5% stake in SC Cemacon SA (BVB:CEON) from Business Capital for Romania – Opportunity Fund Cooperatief UA, CIT Resources SA and others for RON 34.8 million on February 16, 2018. The offer will commence on February 22, 2018 and expire on March 14, 2018. The shares will be acquired at RON 0.55 per share. The transaction is subject to approval of Romanian Competition Council. BT Capital Partners acted in the deal. PIF Industrial SRL completed the acquisition of an additional 5.6% stake in SC Cemacon SA (BVB:CEON) for RON 3.51 million on March 14, 2018. Following the transaction, PIF owns 9.32% stake in Cemacon.