Starkstrom-Gerätebau GmbH made an offer to acquire 100% stake in S.C.Retrasib S.A. Sibiu (BVB:RTRA) from Octavian, Anca Dana Buzoianu and Calin Buzoianu, Trafo Proiect Srl and others for RON 34.4 million on June 26, 2014. SGB-Smit International signed an agreement to acquire 55.36% stake in S.C.Retrasib S.A. Sibiu (BVB:RTRA) from Institut Proiect SA, SC Hold Invest SRL, Calin Buzoianu, Anca Dana Buzoianu, Octavian Buzoianu through a voluntary public takeover offer. SGB-Smit International will pay RON 0.3414 for each share of Retrasib. The offer will be managed by Ipopema Securities. Ciurtin & Associates acted as legal advisor for S.C.Retrasib S.A. Sibiu.

Starkstrom-Gerätebau GmbH completed the acquisition of 67.01% in S.C.Retrasib S.A. Sibiu (BVB:RTRA) from Octavian, Anca Dana Buzoianu and Calin Buzoianu, Trafo Proiect Srl and others for RON 22.8 million on October 27, 2014. Scando Trading holding 24.33% stake acted as party in concert with SGB-Smit. SGB-Smit carried out the takeover bid between October 7 to October 27, 2014.