Recapitalization of Subotica's Veterinary Institute registered, takeover bid expected

Shares from the new issue of Subotica's Veterinary Institute, which was closed on October 22nd, are registered with the Central Securities Registry, this government institution said in a release.

As it is already known from before, all shares from the 9th issue are sold at the price of RSD 410 a piece, so that the company's capital has been increased to RSD 1.75 billion.

Novi Sad-based Victoria Group, which registered and paid the largest number of shares, today announced its intention to take over remaining 21.7 percent of Veterinary Institute shares, which is an obligation of the majority owner pursuant to the Takeover Law.

An official takeover bid should be launched within the next few days, that is, as soon as it is approved by the regulatory body - the Securities Commission.