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Zagreb bourse suspends trading in Bilokalnik-IPA shares

Apr 23, 2024, 11:41:00 AMArticle by Annie Tsoneva
share
April 23 (SeeNews) - The Zagreb stock exchange said it suspended trading in shares of paper packaging manufacturer Bilokalnik-IPA [ZSE:BLKL] on Monday following a squeeze-out of its minority shareholders by Austria-based DS Smith Packaging South East.

Zagreb bourse suspends trading in Bilokalnik-IPA shares
Author: Valmet. License: All rights reserved.

The Zagreb bourse halted trading in Bilokalnik-IPA shares in response to the company's announcement of its application to register the squeeze-out decision with the commercial court in Bjelovar on April 19.

Earlier, Bilokalnik-IPA has announced that DS Smith Packaging South East, with a direct and indirect ownership stake of 97.39% in Bilokalnik-IPA's capital, has proposed to pay a compensation of 57.17 euro ($61.05) per share to acquire all of the remaining shares without any financial obligations.

($ = 0.937 euro)

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