Zemun-based Silbo takes over Paracinka for EUR 1.4 million

(Paracinka)

Zemun-based Silbo d.o.o. has announced a bid for the takeover of the confectionery company Paracinka from Paracin at the price of RSD 950 per share. The bidder intends to acquire maximum 100 percent and not less than 51 percent of shares. The bid will be open until September 5th.

With the offered price of RSD 950 per share, the market capitalization of Paracinka amounts to RSD 138.5 million (EUR 1.36 million). Last year Paracinka registered a business revenue of RSD 328.7 million, which is nearly identical to the revenue in 2009, while the final result was a loss amounting to RSD 28.2 million.