August 13 (SeeNews) - Serbian agro-industrial conglomerate Victoria Group has launched a takeover bid for the 10.91% stake in blue-chip soybean processing company Sojaprotein [BEL:SJPT] it does not own yet, Sojaprotein said.
Victoria Group aims to acquire 1,504,222 shares in Sojaprotein at a price of 180 dinars ($1.71/1.53 euro) apiece, the company said in a filing with the Belgrade Stock Exchange on Monday.
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The offer is valid from August 13 to September 2.
On June 28, Victoria Group increased its stake in the share capital of Sojaprotein to 89.09% from 71.12% and now owns a total of 12,288,911 shares in the soybean processing company.
Serbian company Sent 011 International disposed of its entire stake of 11.62% in Sojaprotein on June 28, according to data from the Belgrade Stock Exchange.
The soybean processing company is one of 11 members of the BELEX15 blue-chip index of the Belgrade bourse. It has 13,793,133 listed shares, with a free float factor (FFc) of 17.33%, which account for 1.46% of the total capitalisation of the index.
(1 euro = 117.654 dinars)