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R2G Rohan Largest Shareholder of Pegas

Investment vehicle now holds 51% stake in nonwovens manufacturer

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By: Karen McIntyre

Editor, Nonwovens Industry

Effective September 20,  R2G Rohan S.à r.l., is the largest shareholder of Pegas Nonwovens, with a share representing 51.28%.  Formerly Pegas’ second largest shareholder, R2G said in July it was launcing a tender offer to all Pegas shareholders. Last week, Wood Textiles, Pegas’ former largest shareholder said it would sell its near 30% stake in the nonwovens manufacturer, effectively allowing the deal to go through.

Pegas, with a market capitalization of $383 million, runs eight production lines at two plants in the Czech Republic as well as a one-line operation in Egypt. It announced earlier this year, it was investing another line in South Africa.

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