Date: 5th October 2016
Author:
Type: In the news
Following the rejection by the Securities Market Agency (ATVP) of VZMD's requests to participate in the takeover procedure initiated by Mlino in order to repurchase the shares of Mlinotest and to access the takeover procedure file, and following the permission granted by the agency for a takeover bid for the repurchase of Mlinotest shares at the price of EUR 1.10 per share, VZMD initiated appropriate proceedings against ATVP before the Administrative Court.
VZMD contests ATVP's permission for the takeover bid as it is not in accordance with the provisions of the Takeovers Act.
For more details please read the full press release here.