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Serbia's Agri Business Partner launches buyout bid for PP Miletic

Author Radomir Ralev
Serbia's Agri Business Partner launches buyout bid for PP Miletic Source: FAO; Author: Igor Pavicevic

BELGRADE (Serbia), September 14 (SeeNews) - Serbian company Agri Business Partner has launched a buyout bid for the 10.72% stake it does not already control in oilseed and grain combination farming firm PP Miletic [BEL:PMLT], it said.

Agri Business Partner, owned by Ireland's Baltik Property Investment Limited, aims to acquire 21,648 ordinary shares in PP Miletic at a price of 4,403 dinars ($44.26/37.43 euro) apiece, the company said in a filing with the Belgrade Stock Exchange on Monday.

The offer is valid September 14 - October 10.

Agri Business Partner currently holds a 89.28% stake in the capital of PP Miletic.

PP Miletic last traded on the Belgrade Stock Exchange on August 25 at a price of 4,015 dinars per share.

(1 euro = 117.645 dinars)

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