The majority shareholder of Sojaprotein, Victoria Group, will squeeze out the minority shareholder, which hold 9.6% of the outstanding shares at the RSD 180 per share.

Sojaprotein published a document on the Belgrade Stock Exchange regarding the held Extraordinary Shareholder Meeting. In the meeting, the majority shareholders approved the squeeze-out of the minority shareholders.

As a reminder, the majority shareholder of Sojaprotein, Victoria Group, recently acquired an additional 1.3% of Sojaprotein’s shares at RSD 180 per share through their latest takeover bid, and therefore lifted its stake in the company to 90.4%. Consequently, Victoria Group will squeeze out more than 4,000 minority shareholders which represent the 9.6% of outstanding shares at the same price (RSD 180 per share).

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