Victoria Group Issues a Takeover Bid for Sojaprotein

The offer of RSD 180 per share relates to the 31.8% of the outstanding shares held by the minority shareholders and lasts until 26 March 2019.

Victoria Group issued a takeover bid for Sojaprotein, the largest soybean processing factory in Serbia, whose market capitalization is EUR 20.9m. On 24 January, Victoria purchased a 13.2% stake in Sojaprotein at RSD 180 per share, which corresponds to the takeover bid price.

The offer of RSD 180 per share relates to the 31.8% of the outstanding shares held by the minority shareholders and lasts until 26 March 2019.


As a reminder, last year, MK Group took over Victoria, after buying out its debts from the banks. After this event, the obligation to announce a takeover bid for its subsidiaries Veterinarski Zavod and Sojaprotein occurred.

InterCapital
Published
Category : Flash News

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