Messer raises stake in Serbia's Messer Tehnogas to 85.6%

Messer managed to buy 36,386 Messer Tehnogas shares, or 3.51% of total equity, at 25,000 dinars ($228/213 euro) per unit between March 26 and April 15 when the bid was open, the German company said in a filing with the Belgrade bourse.

Messer Tehnogas' total equity is divided into 1,036,658 shares of 1,800 dinars in nominal value each.

The company's shares closed 4% up at 26,000 dinars on the Belgrade bourse on Wednesday and did not trade by 10:30 CET on Thursday.

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 = 117.152 dinars)