Source: Tanjug | Monday, 29.04.2019.| 13:21
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Czech UDI Resort announces acquisition of Duga

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Illustration (Photo: Efetova Anna/shutterstock.com)
The Czech company UDI Resort announced its bid for the takeover of a 89.7% stake of the Serbian company Duga, which produces paints and coatings, on April 25 at the Belgrade Stock Exchange.

UDI Resort intends to take over 279,434 shares of the total of 311,521 shares issued.

UDI Resort obliges to file a request for the approval of the announcement of the takeover bid with the Securities Commission within 15 days and make the takeover bid immediately or a day after receiving the decision by Securities Commission at the latest.

The biggest stakeholder in Duga is the Serbian company Belfin, owned by the Austrian company Theia Beta Management, with a 49.9% stake, followed by Akcionarski Fond Beograd (23.3%), whereas Duga itself owns 10%, according to the company’s 2018 financial report.

UDI Resort was founded in October 2018 and is owned by the Czech resident Radek Mensik, according to the Business Register of the Czech Republic.

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