Teraplast S.A. (BVB:TRP) acquired 51% stake in Palplast SRL from Fribourg Capital for ?0.8 million on December 19, 2023. The transaction price is ?1.8 million, of which ?1 million will be injected by TeraPlast into the equity of Palplast Moldova and ?0.8 million paid to the existing shareholder. The amount of ?1 million will be used by Palplast Moldova to diversify its production capacity and expand the existing logistics platform. For FY 2022, Palplast had turnover of ?2 million.

Teraplast S.A. (BVB:TRP) completed the acquisition of 51% stake in Palplast SRL from Fribourg Capital on December 19, 2023.