April 4 (SeeNews) - The management and the trade union of Serbian blue-chip industrial gases maker Messer Tehnogas [BEL:TGAS] said they support the buyout bid launched by Germany’s Messer SE.
Messer SE, the world's largest privately owned industrial gases manufacturer, seeks to buy the remaining 17.91% stake in Messer Tehnogas.
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The proposed price of 25,000 dinars ($231/213 euro) per Messer Tehnogas’ share is appropriate, the management and the trade union said in two separate bourse filings on Wednesday.
They both agree with Minister SE's plan to support Messer Tehnogas's current business operations through new investments, the two statements read.
Messer SE & Co launched the bid in late March, aiming to buy 185,711 Messer Tehnogas shares it does not already own. The bid will remain open until April 15.
Messer Tehnogas' total equity is divided into 1,036,658 shares of 1,800 dinars in nominal value each.
The company's shares closed 0.02% up at 25,000 dinars on the Belgrade bourse on Wednesday.
(1 euro = 117.169 dinars)