Rompetrol Holding's AIM-listed unit Black Sea Global Properties (BSGP) has reached an agreement with Fabian Romania to launch a takeover offer for the Romanian property investor for EUR 1 per share. The offer represents a premium of 93% over the closing price of Fabian Romania shares of EUR 0.51 on December 18, 2008. The bid, which will be entirely in cash, values Fabian Romania's share capital at around EUR 51 mln. BSGP currently owns 25% of Fabian Romania.
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