Coca-Cola bought only 1.76% of shares via offer for takeover

Coca-Cola HBC Balkan Holding, the majority owner of Zemun-based Coca-Cola, has bought only 1.76% of shares of the minority shareholders in the offer for takeover, which was closed on Monday, August 2nd.

Coca-Cola offered the minority shareholders who owned 10.88% of shares the price of RSD 5,250 per share after it increased the initial offer that was at the level of 4,500 dinars per share. This very modest success is explained by the fact that the company's ownership structure is dominated by its former and current employees who obviously found that quite high price much too low. The largest external, minority shareholder of the company, Croatian ZB Invest, liquidated the entire ownership position and earned about 1 million euros in that way.