SOFIA (Bulgaria), December 15 (SeeNews) – Bulgaria’s Pulp and Paper Institute [BUL:4PB] said on Friday its majority owner Pulp and Paper–97 has launched a buyout bid for the remaining 9.78% stake in the company it does not already own.
Pulp and Paper–97 is offering to pay 113.71 levs ($68.5/58.1 euro) per each of the 599 shares it wants to acquire, Pulp and Paper Institute said in a bourse filing.
You can subscribe to our M&A newsletter here
The deadline for accepting the buyout offer is 28 days following its publication.
Pulp and Paper Institute is a scientific organisation that provides consultation and direct involvement in the commissioning of new pulp and paper plants and the reconstruction of existing ones.
(1 euro=1.95583 levs)