Jugovic completes buyout of Serbia’s Duvan

The squeeze-out proposal was 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 Tuesday.

Jugovic bought the remaining 1,023 Duvan shares he did not own at 1,500 dinars ($13.70/12.80 euro) apiece. Last month, Jugovic raised his stake in the company to 91.31% from 24.99%.

1 euro = 117.166 dinars