Ex-footballer Jugovic eyes minority shareholder buyout at Duvan

The squeeze-out proposal will be voted on by the company's shareholders at an extraordinary shareholders' meeting on April 15, Duvan said in a statement with the Belgrade bourse on Wednesday.

In February, Jugovic raised his stake in Duvan to 91.31% from 24.99% through a buyout bid, in which he bought 7,808 Duvan shares at 1,500 dinars ($13.8/12.8 euro) each.

The company's capital is divided into 11,773 shares of 12,000 dinars in nominal value each. The shares did not trade on the bourse in the past year.

Data from Serbia's central registry of securities showed on Thursday that the remaining stake of some 9% of Duvan is in the hands of numerous private local individuals.

Jugovic has played for numerous top European teams such as Juventus, Inter, and Atletico Madrid.

(1 euro = 117.234 dinars)