Compulsory acquisition of Carnex shares completed

Source: Sinteza Invest Group Friday, 13.01.2012. 11:37

The Central Securities Depository and Clearing House has announced that the compulsory acquisition of shares in Carnex by Novi Sad-based MK Group, following a successful takeover bid, has been completed.

Having increased its stake in Carnex to 98.1%, MK Group and connected parties were enabled to proceed to the compulsory acquisition of shares from minor shareholders.

Those shareholders who rejected the takeover bid were paid the same price of RSD 2,325 per share during the compulsory acquisition, and MK Group with connected parties now hold 100% stake in Carnex.

MK Group took over Carnex in late November, after the company from Novi Sad informed the investment public that it acted together with the previous majority owner of Carnex - Ashmore investment fund.

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