July 22 (SeeNews) - Cyprus-based company Cieraco Investments has sold its 6.36% stake in the capital of Serbian blue-chip soybean processing company Sojaprotein [BEL:SJPT], the Serbian company said.
Cieraco sold 876,626 Sojaprotein shares on June 28, Sojaprotein said in a filing to the Belgrade Stock Exchange on Friday, without disclosing the identity of the buyer.
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The soybean processing company said earlier this month that Serbian agro-industrial conglomerate Victoria Group plans to launch a buyout bid for the 10.91% stake it does not own yet in Sojaprotein, targeting 1,504,222 shares. Victoria Group increased its stake in the capital of Sojaprotein to 89.09% from 71.12% on June 28 and now owns a total of 12,288,911 of its shares.
Sojaprotein is one of 11 members of the BELEX15 blue-chip index of the Belgrade bourse. It has 13,793,133 listed shares, with a free float factor (FFc) of 17.33%, which account for 1.46% of the total capitalisation of the index.
Sojaprotein last traded on the Belgrade Stock Exchange on July 12 when 60 of the company's shares changed hands, closing at 170 dinars ($1.62/1.44 euro).
(1 euro = 117.709 dinars)