The offer of Russians to sell Alro failed

The company announces that it has not agreed to a
price agreement between the company, shareholders and brokers in relation to the offer
public secondary share of the shares issued by the shareholders for a
383,791,140 shares issued by the company and are therefore not
fulfilled the conditions of a successful adjudication.

"The main objective of the company and its shareholders
has consistently created value for shareholders through growth
percentage of shares traded freely, to better reflect
the real value of the company in the price of the action of Alro. Alro and its shareholders
I remain committed to that. Unfortunately, because of the conditions
unfavorable market, the company and the shareholders do not consider the offer as
finally represented an opportunity for that, "reports Alro,
in a statement sent to the Bucharest Stock Exchange (BSE).

ALRO also shows that it remains committed to
strengthen and pursue the long-term development strategy, the strategy
strengthen its position in the international market, the development of
new products and penetration into new markets.

Russian shareholders have
Alro aluminum producer in Slatina recently changed the offer
who have put up for sale a majority stake in the company, indicating
that they want to get only 1.535 billion lei in stock, with around 800
Millions of lei less than they originally wanted. They also extended the period
sale. Shareholders allowed retail investors to subscribe
until July 19 at the price of 4 lei per share.

recent data, Vimetco holds 84.18% of the shares of Alro and the
Minority shareholder is the Proprietatea fund, with 10.21%.

Alro announced in 18
June, that Vimetco and Conef intend to launch a public offer
sale of shares of the company