Greece's Aluminco plans squeeze-out at Serbian unit

The proposal will be put to the vote at an extraordinary shareholders' meeting to be held on February 26, Aluminco Sar said in a filing to Serbia's central securities depository and clearing house earlier this week.

Aluminco controls 90.1% of its Serbian unit, while the remaining 9.9% stake belongs to local individual Milorad Paunovic.

Aluminco Sar was established in Belgrade in 2001. It is active in the production and trade of aluminium products.