Romanian computer software developer Existence is Challenging to get Innobyte Remedies

BUCHAREST (Romania), January 19 (SeeNews) – Romanian program developer Lifetime is Difficult [BSE:LIH] said on Tuesday that it will propose to its shareholders to approve the takeover of community e-commerce answers developer Innobyte Solutions.

Shareholders will be questioned to approve the deal at an extraordinary general conference scheduled for February 24, Lifestyle is Challenging explained in a statement submitted with the Bucharest Inventory Exchange, BVB.

The benefit of the planned transaction was not disclosed.

Subsequent the offer, Lifetime is Tricky aims to enhance its portfolio with internet development expert services customized for modest and medium-sized businesses, it included. 

The two firms are now in the due-diligence period, during which they will determine the phrases of the transaction.

Started in 2009 in Bucharest, Innobyte Options posted a turnover of 1.8 million euro ($2.18 million) in 2020. The firm is owned by Romanian business owners Catalin Somfalean and Catalin Bordei.

Daily life is Hard was established in 2004 in the northwestern town of Cluj and is outlined on the option buying and selling procedure of Bucharest Stock Exchange, AeRO. Romanian entrepreneur Ioan-Catalin Chis is its the greater part shareholder with 62.8%, even though common manager Erik Barna holds 13.05%. The remainder is owned by numerous lawful entities and individuals.

Shares of Lifetime is Difficult traded 11.76% bigger at 9.5 lei ($2.4/ 1.9 euro) on the BVB as at 1328 CET on Tuesday.

($= 0.8245 euro)