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Croatian dairy Dukat to vote on squeeze-out offer by Lactalis unit on Dec 29

Nov 23, 2020, 12:00:00 AMArticle by Iskra Pavlova
share
November 23 (SeeNews) - Croatia's largest dairy products maker Dukat [ZSE:LURA] said it called a general shareholders meeting to vote on a squeeze-out proposal submitted by its majority owner, Belgium-based B.S.A. International (BSAI).

Croatian dairy Dukat to vote on squeeze-out offer by Lactalis unit on Dec 29
Author: SeeNews. License: All rights reserved.

The meeting will be held on December 29, Dukat said in a statement last week.

BSAI, a unit of French multinational dairy products corporation Lactalis, is offering to pay 928 kuna ($146/123 euro) per share in the squeeze-out, Dukat said.

As of November 23, BSAI owned 95.33% of Dukat, Zagreb Stock Exchange data showed.

Dukat's shares traded flat at 910 kuna by 1517 CET on Monday.

(1 euro = 7.55878 kuna)

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