Brief: Cedrob announces tender for 34 pct of Gobarto

Gobarto SA

09/11/2016 10:07

Nov 9 (Reuters) - Gobarto  GOBP.WA : 
    * Cedrob announces a tender for 9.5 mln of Gobarto shares 
representing 34 pct of its capital - Ipopema Securities, an 
intermediary in the transaction said on Wednesday 
    * The price in the tender was set at 6.7 zloty ($1.7) per 
share 
    * Cedrob currently holds 66 pct stake in Gobarto and under 
the tender it wants to buy all the remaining Gobarto's shares 
and delist the company from trade on the Warsaw Stock Exchange 
    * The subscription period for share acquisition starts on 
Nov. 30 and ends on Jan 16., 2017 
    * Shares will be acquired for 6.7 zloty until Dec. 16 and 
then until Jan. 16 they will be purchased for 6.15 zlotys 
    * If Cedrob buys at least 90 pct of Gobarto shares, it plans 
to undertake a mandatory squeeze-out to acquire the rest 
 
     
 Source text: http://bit.ly/2ekh6bU 
     
 Further company coverage:  GOBP.WA   
    
 
 
 
($1 = 3.9173 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))