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Liberty House Group raises stake in N. Macedonia unit

Liberty House Group raises stake in N. Macedonia unit Steel production. Source: Liberty House Group

SKOPJE (North Macedonia), January 20 (SeeNews) - Liberty Holdco Galati & Skopje, owned by London-based Liberty House Group, increased its stake in North Macedonia's steel manufacturer Liberty [MSE:RZLV] to 93.29% after shareholders controlling 0.05% interest among themselves accepted its buyout offer, the country's securities and exchange commission (SEC) said on Wednesday.

Liberty Holdco Galati & Skopje's offer was accepted by six Liberty shareholders holding a total of 16,614 ordinary shares with voting rights, SEC said in a statement.

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The buyout offer by Liberty Holdco Galati & Skopje was declared successful, SEC said.

Liberty Holdco Galati & Skopje in December launched an offer to buy 2,227,750 shares it does not already own in Liberty AD at a price of 40 denars ($0.8/0.65 euro).

Liberty Holdco Galati & Skopje became a majority shareholder in the Skopje-based firm in July 2019. Previously, the firm was owned by Luxembourg-based steel producer ArcelorMittal. 

Liberty House Group is an international business, registered in Singapore with headquarters in London, active in commodities, metals recycling, and the manufacture of steel, aluminum and engineering products.

(1 euro = 61.54 denars)

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