Holcim launches buyout bid for Serbian subsidiary

Holcim launches buyout bid for Serbian subsidiary
Published: 05 August 2008

Holcim launched on Monday a buyout bid for the 7.68% stake it does not own in its Serbian unit, Holcim Serbia.
 
Holcim offers to buy 176,538 shares at a price of 4,600 dinars ($94) per share, Holcim said in a statement to Serbia’s Central Securities Depository and Clearing House. The offer will remain valid from August 4 to August 25.
 
However, if Holcim’s offer is accepted by holders of less than 161,998 shares, or a 7.04% stake, the company will not be obliged to buy these shares, the statement added.