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Sep 12, 2023 13:58 EEST
September 12 (SeeNews) - Croatian producer of wafers and biscuits Koestlin [ZSE:KOES] said on Tuesday that its shareholders will vote on October 10 on a proposal by its majority owner, Bosnian wholesaler Mepas, to squeeze out minority stakeholders.
Minority shareholders will be offered a compensation of 68.81 euro ($73.8) per share, Koestin said in a filing to the Zagreb bourse. At their meeting on October 10 the shareholders will also vote on a proposal to cover the company's net loss of 773,300 euro reported for 2022 with retained profit.
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According to data from the Zagreb bourse, Mepas owns 89.16% of the share capital of Koestlin. The Croatian company itself holds 6.80% of its own shares.
Koestlin shares last traded on the Zagreb bourse on June 21, closing flat at 80 euro.
($ = 0.933 euro)
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