April 18 (SeeNews) - Germany’s Messer SE & Co, the world's largest privately owned industrial gases manufacturer, said on Thursday it raised its stake in Serbian blue-chip industrial gases maker Messer Tehnogas [BEL:TGAS] to 85.60% from 82.09% following a buyout bid.
Messer managed to buy 36,386 Messer Tehnogas shares, or 3.51% of total equity, at 25,000 dinars ($228/213 euro) per unit between March 26 and April 15 when the bid was open, the German company said in a filing with the Belgrade bourse.
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Messer Tehnogas' total equity is divided into 1,036,658 shares of 1,800 dinars in nominal value each.
The company's shares closed 4% up at 26,000 dinars on the Belgrade bourse on Wednesday and did not trade by 10:30 CET on Thursday.
Messer Tehnogas' net profit increased to 1.13 billion dinars in the first half of 2023, from 734 million dinars in the prior-year period, according to its latest available financial report.
(1 euro = 117.152 dinars)