Serbia’s Sojaprotein Launches Buyout Bid for 46.55% of Fodder Producer Veterinarski Zavod

Sojaprotein launched the buyout bid on Friday, offering to buy 1,052,203 shares at 600 dinars ($9.6/6.4 euro) per share, Sojaprotein said in a statement to the Belgrade Stock Exchange (BELEX). The offer is valid until November 11.

Veterinarski Zavod’s stock closed 1.76% up at 636 dinars on Monday.

Veterinarski Zavod, located in Subotica in the northern province of Vojvodina, planned to raise its profit to 113 million dinars ($1.8 million/1.2 million euro) in 2009 from 37.13 million dinars a year earlier, local media reported in June.

Sojaprotein’s net profit plunged 71% to 163 million dinars in the first half of the year as financial costs doubled. Its shares edged up 0.70% to 1,152 dinars on Monday. Sojaprotein is located in Becej, also in the Vojvodina province.

(1 euro=93.1863 Serbian dinars)