Agromarket Looking to Acquire All Shares of Galenika Fitofarmacija – RSD 2,550 per Share Offered to Shareholders

Source: Beta Tuesday, 30.03.2021. 12:25
Illustration (Photo: archerix/
The majority owner of Galenika Fitofarmacija, the Kragujevac-based company Agromarket, has announced a bid for the takeover of the remaining shares owned by minority shareholders at the price of RSD 2,550, the Central Securities Depository and Clearing House announced.

The price is slightly above the average weighted value of the share in the past six months.

– Along with the affiliated entities, Agromarket owns a total of 89.8% of the shares, so it is pretty likely that they will pass the threshold of 90%, which will then enable it to carry out a compulsory acquisition of shares from the shareholders who reject the offer – the brokerage company Momentum says.

The takeover bid is open between March 30 and April 19, 2021.
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