March 6 (SeeNews) - Serbian agro-industrial conglomerate Victoria Group has launched a buyout bid for the 31.82% stake in blue-chip soybean processing company Sojaprotein [BEL:SJPT] it does not own yet, Sojaproteinfrom said.
Victoria Group aims to acquire 4,389,459 shares in Sojaprotein at a price of 177.4 dinars ($1.7/1.5 euro) apiece, the company said in a filing to the Belgrade Stock Exchange.
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The offer is valid during March 6 - 26.
Currently, Victoria Group controls a 68.18% stake, or 9,403,674 shares, in the capital of Sojaprotein.
In July, Sojaprotein said its shareholders approved a 3.792 billion dinars capital reduction to cover part of the loss recorded in 2017. Sojaprotein said in May its net loss widened to 6.5 billion dinars in 2017 from 383 million dinars in the prior year.
The soybean processing company is member of the BELEX15 benchmark index of the Belgrade Stock Exchange. It has 13,793,133 listed shares, with a free float factor (FFc) of 20.41%, which account for 1.21% of the total capitalisation of the index.
(1 euro = 118.081 dinars)