Teraplast S.A. (BVB:TRP) and S.C. Terasteel S.A. entered into an agreement to acquire 50% stake in S.C. Politub S.A. from Socotub SA on August 3, 2017. On completion, Teraplast will increase its stake in Politub from 50% to 99.99%, while TeraSteel, a company owned by Teraplast, will have 00.01% of Politub. S.C. Politub S.A. had a turnover of RON 49 million and a net profit of RON 1.75 million in 2016. The transaction is subject to approval of the Competition Council. Teraplast S.A. (BVB:TRP) and S.C. Terasteel S.A. completed the acquisition of 50% stake in S.C. Politub S.A. from Socotub SA on September 29, 2017. The deal was approved by Romania’s anti-trust regulator.