March 26 (SeeNews) - Germany’s Messer SE & Co, the world's largest privately owned industrial gases manufacturer, said it is launching a bid to buy the remaining 17.91% stake in Serbian blue-chip industrial gases maker Messer Tehnogas [BEL:TGAS] it does not already own.
Messer aims to buy 185,711 Messer Tehnogas shares, offering 25,000 dinars ($231/213 euro) per unit, the German company said in a bourse filing on Monday.
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The bid is open until April 15.
Messer Tehnogas' total equity is divided into 1,036,658 shares of 1,800 dinars in nominal value each.
The company's shares closed 0.02% down at 24,000 dinars on the Belgrade bourse on Monday.
Messer Tehnogas' net profit increased to 1.13 billion dinars in the first half of 2023, from 734 million dinars in the prior-year period, according to its latest available financial report.
(1 euro = 117.205 dinars)