Yesterday, Kraš ESOP held an extraordinary shareholder meeting in which the assembly voted against the proposal of acting in concert with Mesna Industrija Braća Pivac, regarding the takeover bid for Kraš.

Yesterday, Kraš published a document on the Zagreb Stock Exchange announcing that Kraš ESOP held an extraordinary shareholder meeting. In the mentioned meeting, Kraš ESOP voted against the proposal of acting in concert with Mesna Industrija Braća Pivac, regarding the takeover bid for Kraš.

Earlier this month, Mesna Industrija Braća Pivac started negotiations with KRAŠ-ESOP regarding the joint action. Note that Mesna Industrija Braća Pivac stated earlier that in case if the two parties do not reach a joint decision, they will publish independently a voluntary takeover bid.

As a reminder, in parallel to this event, Kappa Star Limited (KSL) started buying large volumes of Kraš’ share, which eventually led to a 160.4% increase in the share price (compared to the beginning of September). According to the Zagreb Stock Exchange, Kappa Star Limited currently owns 18.43% of the share of Kraš, making them the third largest shareholder, after Mesna Industrija Braća Pivac (30.73%) and Kraš ESPO (18.45%). It is worth noting that last week, KSL published a document, stating that they do not have an intent on announcing a voluntary takeover bid.

To read more about Kraš click here.

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).

To read more about Sojaprotein click here