Investment Fund Ashmore and Primer C delivered guarantees for participation in procurement of stocks of C market

Investment Fund Ashmore and Primer C have delivered guarantees for participation in the procedure for takeover of stocks of C market. Expert service of the Securities Comission will check the documentation and if everything is all right, the bidders will be obliged to publish public offer in the newspapers within following two days. The offer must include information on how many stocks of C market they wish to buy and at what price. Then they will get deadline until November 28 to improve their offers, which will be followed by the opening of envelopes. According to the plans, the offers will be closed on December 6. The interested buyers can buy 76.94% of the assets of C market, whereas the remaining assets of this market chain should be privatized consequently.

The news that Ashmore has not given up procurement of C market will most probably make minor stockholders happy, because they finally lived to see that their stocks are bought according to the market terms. It is estimated that the competition will make it possible for price of stock of C market to exceed amount of 18,000 CSD, which was the price offered by Mercator, and €300, which was the price offered by Delta M.