The deadline to submit a bid to acquire a 16.26 percent stake in C Market has been extended until October 15th, the Privatization Agency announced today.
A tender for the remaining state-owned stake in C Market was launched on 10 August 2012. The initial deadline to submit bids was September 3rd, and it has already been extended twice.
Belgium's Delhaize did not acquire the state-owned stake of 23.23 percent when taking over C Market. Given that 30 percent of that stake in C Market belong to minor shareholders by law, the state is selling 16.26 percent of the company that is now majority owned by Delhaize.
The minimum price for the state-owned 23-percent stake in C Market is set at EUR 295.4 per share, that is, EUR 9.57 million for the whole stake.