Muntenia Sif (BVB:SIF4) made an offer to acquire an additional 45.72% stake in BioFarm SA (BVB:BIO) for approximately RON 150 million on April 4, 2014. Muntenia Sif holds just under 33% stake in Biofarm. Muntenia Sif will acquire approximately 500.57 million shares at a consideration of RON 0.305 per share. The obligatory tender offer has been approved by Biofarm S.A. and will run from April 9, 2014 to April 30, 2014. SSIF Swiss Capital S.A. acted as intermediary on the offer.

Muntenia Sif completed the acquisition of additional 18.7% stake in BioFarm SA for RON 62.6 million on April 30, 2014. Muntenia acquired 205.3 million shares between April 9, 2014 and April 30, 2014.