Energoprojekt Holding offers RSD 13,461 per share for remaining stake in EP Entel.

After being rejected for several times, the Serbia’s Securities and Exchange Commission finally approved Energoprojekt Holding’s takeover bid to acquire the remaining share in EP Entel.

According to the bid posted on the Belgrade Stock Exchange, Energoprojekt intends to take over a 13.7% share of Entel at RSD 13,461 per share. The offer is valid until July 15th.

Note that Energoprojekt Holding was required to submit the takeover offer because they were taken over by their rival Napred back in July 2017. As a result, the company had to submit a takeover bid for all of their dependent companies.