Polunin Discovery investment fund increases stake in Sojaprotein

The investment fund Polunin Discovery was the largest buyer of shares in Becej-based Sojaprotein last week, when these securities hit a record low in 2012.

Polunin acquired additional 37,000 shares, thus becoming Sojaprotein's 11th biggest shareholder holding a stake of 0.6 percent. The largest seller was a shareholder behind the custody account of Komercijalna Banka.

By the way, Polunin Discovery Funds is one of the rare portfolio investors that entered the Belgrade Stock Exchange in the near past. So far, it has acquired a significant stake in Nikola Tesla Airport and Galenika-Fitofarmacija in addition to the one in Sojaprotein.

The value of Sojaprotein shares has dropped 20 percent since the beginning of the year. With the latest share price of RSD 452, the company's market cap amounts to RSD 6.73 billion (EUR 58.4 million).