July 2 (SeeNews) - Serbian agro-industrial conglomerate Victoria Group plans to launch a buyout bid for the 10.91% stake it does not own yet in blue-chip soybean processing company Sojaprotein [BEL:SJPT], the soybean company said.
Victoria Group intends to launch a takeover bid for 1,504,222 shares in Sojaprotein, the company said in a filing with the Belgrade Stock Exchange on Monday.
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On June 28, Victoria Group lifted its stake in the 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.
Victoria Group completed a buyout bid for Sojaprotein in April, increasing its stake to 70.81% from 68.18%.
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.
Sojaprotein shares last traded on the Belgrade Stock Exchange on June 28 when 2,479,113 of its shares changed hands and closed at a price of 180 dinars ($1.72/1.53 euro).
(1 euro = 117.850 dinars)