German industrial gas supplier Messer SE & Co has announced the launch of a second buyout offer for the remaining 14.40% stake in its Serbian subsidiary, Messer Tehnogas, as reported by the Belgrade Stock Exchange.
The company is offering 31,250 dinars (approximately 267 euros) per share, targeting a total of 149,325 shares of Messer Tehnogas. The total value of this stake is nearly 40 million euros, with the offer set to remain open until October 28.
Earlier this year, in April, Messer increased its ownership in Messer Tehnogas from 82.09% to 85.60% after a previous buyout offer priced at 2,500 dinars per share.
According to the Central Registry and Clearing House of Serbia, minority shareholders in Messer Tehnogas include OTP banka Srbija, holding 2.55%, and UniCredit banka Srbija, with a stake of 2.28%.
Messer Tehnogas is comprised of a total capital divided into 1,036,658 shares, each with a nominal value of 1,800 dinars.
On Friday, shares of Messer Tehnogas experienced a 6.04% increase, reaching a price of 33,000 dinars.
