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Serbia's Victoria Group launches buyout bid for Sojaprotein

Author Radomir Ralev
Serbia's Victoria Group launches buyout bid for Sojaprotein Author: Sojaprotein. License: All rights reserved.

BELGRADE (Serbia), August 13 (SeeNews) - Serbian agro-industrial conglomerate Victoria Group has launched a takeover bid for the 10.91% stake in blue-chip soybean processing company Sojaprotein [BEL:SJPT] it does not own yet, Sojaprotein said.

Victoria Group aims to acquire 1,504,222 shares in Sojaprotein at a price of 180 dinars ($1.71/1.53 euro) apiece, the company said in a filing with the Belgrade Stock Exchange on Monday.

The offer is valid from August 13 to September 2.

On June 28, Victoria Group increased its stake in the share capital of Sojaprotein to 89.09% from 71.12% and now owns a total of 12,288,911 shares in the soybean processing company.

Serbian company Sent 011 International disposed of its entire stake of 11.62% in Sojaprotein on June 28, according to data from the Belgrade Stock Exchange.

The soybean processing company is one of 11 members of the BELEX15 blue-chip index of the Belgrade bourse. It has 13,793,133 listed shares, with a free float factor (FFc) of 17.33%, which account for 1.46% of the total capitalisation of the index.

(1 euro = 117.654 dinars)