September 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 90.38% from 89.09% as part of a buyout bid.
Victoria Group acquired 177,931 Sojaprotein shares, or 1.29% stake in the company's capital, it said in a filing with the Belgrade Stock Exchange on Wednesday.
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Victoria Group launched the bid on August 13, aiming to acquire 1,504,222 Sojaprotein shares at a price of 180 dinars ($1.69/1.53 euro) apiece until September 2.
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 17.33%, which account for 1.46% of the total capitalisation of the index.
Sojaprotein stock last traded on the Belgrade Stock Exchange on August 29 when it closed at 180 dinars.
(1 euro = 117.555 dinars)