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Serbia's Victoria Group lifts stake in Sojaprotein to 70.81%

Author Radomir Ralev
Serbia's Victoria Group lifts stake in Sojaprotein to 70.81% Author: Sojaprotein. License: All rights reserved.

BELGRADE (Serbia), April 5 (SeeNews) - Serbian agro-industrial conglomerate Victoria Group said it increased its stake in the capital of blue-chip soybean processing company Sojaprotein [BEL:SJPT] to 70.81% from 68.18% as part of a buyout bid.

Victoria Group acquired 362,811 Sojaprotein shares, or 2.63% stake in the company's capital, it said in a filing with the Belgrade Stock Exchange on Thursday. 

On March 25, Victoria Group extended the deadline for the acceptance of its proposal to buy the 31.82% stake in Sojaprotein [BEL:SJPT] it does not own yet to April 2 from March 26.

Victoria Group targeted the purchase of 4,389,459 shares in Sojaprotein at a price of 180 dinars ($1.71/1.53 euro) apiece.

Sojaprotein is a member of the BELEX15 benchmark index of the Belgrade Stock Exchange. It has 13,793,133 listed shares, with a free float factor (FFc) of 20.41%, which account for 1.21% of the total capitalisation of the index.

Sojaprotein stock last traded on the Belgrade Stock Exchange on March 28 when it closed at 175 dinars after 342 of its shares changed hands.

(1 euro = 117.929 dinars)