Bambi annuls its own shares - Forced purchase of the remaining shares of the minority shareholders

Source: eKapija Friday, 08.07.2016. 09:17
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(Photo: wrangler/shutterstock.com)
Pozarevac-based Bambi (BMBI) carried out an annulment of 26,629 pieces of its own shares (7.8% out of total number), the Central Securities Depository (CSD) announced.

Majority owner of this confectionery company, investment fund Mid Europa, holds at the moment a 95.5% stake. As earlier announced, Bambi posted a drop in FY 2015 profit of 22.5% y/y (RSD 1.3bn), while the company’s sales are down 5.7% to RSD 8.7bn.
Source: CSD, Wisebroker

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