"Tarkett" took over 34.99% of stocks of "Sintelon"

"Tarkett" from Bačka Palanka has announced today (July 8, 2009) that it took over 34.99% of stocks of "Sintelon", so that it now owns 99.31% of stocks of that factory of floor covers in Bačka Palanka.

According to the report on takeover of stocks, "Tarkett" paid total of 11.12 billion RSD, that is, about 117m EUR, for 510,768 stocks.

The bid for takeover of remaining 520,860 stocks of "Sintelon" from minor stockholders at the price of 230 EUR per stock, that is, 21,782 RSD, was opened prior to July 2nd.

According to the data provided by the Central Securities Registry, "Tarkett" from Bačka Palanka currently does not own the stocks of "Sintelon", while the co-owner of that company, French "Tarkett", owns 938,744 stocks, that is, 64.3% of stock capital of "Sintelon".

The co-owners of Bačka Palanka-based company "Tarkett" are "Sintelon" and "Tarkett France", which own 50% of the company each.

"Sintelon" registered 1.07 billion RSD worth of profit in 2008, which is almost twice as much as in 2007.