July 7 (SeeNews) - Luxembourg-based Rucio Investment plans to launch a buyout bid for Slovenian software developer Datalab Tehnologije [LJE:DATG], the Slovenian company said on Friday.
Rucio Investment has notified the Slovenian securities and competition regulators on its intention and now has to launch the buyout bid in a period of 30 days, Datalab Tehnologije said in a notice posted on the website of the Ljubljana Stock Exchange.
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The executive manager of Datalab Tehnologije, Andrej Mertelj, is among the three legal representatives of Rocio Investment, according to the notice.
Datalab Tehnologije has a total of 2,189,884 ordinary shares with a total market capitalisation of 23.65 million euro ($25.73 million).
The Slovenian company develops business software and provides consultancy and professional training. Datalab Tehnologije's Pantheon business IT system enables small to midsize companies to monitor and optimize business processes.
($ = 0.91909 euro)