After the EGM of Alfa Plam (ALFA), held on January 23, adopted the decision the squeeze-out minorities, the majority owner of the company, Amasis, officially initiated this procedure.
According to the Central Securities Depository (CSD), Amasis will buy the remaining 7,000 shares that it does not control at RSD 20,892 per share.
The procedure will be executed within two days of today’s announcement when the shareholders will receive the money, and Amasis will receive all the remaining shares in its securities account.
It is interesting that in the weeks before the forced buyout, Alfa shares were traded at levels of RSD 23-24,000, which suggests investors’ expectations that the minority shareholders of this company could fight for a higher price through the courts.
Source: CSD, Momentum
