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Nov 05, 2020 10:01 EEST
November 5 (SeeNews) - Slovenian investment management company KS Nalozbe [LJE:KSFR] said its largest shareholder, Cyprus-based Kalantia Limited, bought out its new share issue worth 4 million euro ($4.7 million).
All 4 million shares of the new issue were bought by Kalantia by October 29, the Slovenian company said in a statement on Wednesday.
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It did not say how big is Kalantia's stake following the hike.
According to latest available data from the Slovenian company, Kalantia controlled 73.77% of KS Nalozbe at the end of June.
Earlier this year, KS Nalozbe's shareholders decided to cut its capital to 3.9 million euro from the previous 16.3 million euro via reducing the nominal value of each share to 1 euro from 4.17 euro.
They also approved a decision to later raise the capital by up to 4 million euro to no more than 7.9 million euro via a new share issue.
KS Nalozbe's main line of business is the purchase, management and sale of shareholdings in other enterprises.
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