Compulsory acquisition of remaining shares in Pekabeta by Delhaize Serbia

After closing a takeover bid, Delhaize Serbia, majority owner of Pekabeta market chain, announced it would proceed to a compulsory acquisition of Pekabeta shares from minor shareholders.

Since its stake in Pekabeta has been increased to 96.7% following the takeover bid, Delhaize can now exercise its right to conduct a compulsory acquisition of remaining shares.

The compulsory acquisition of shares will be completed until the end of January, and the purchase price will be the same as in the takeover bid - RSD 8,500 per share.

Delhaize Group announced the first takeover bid for Pekabeta after it took over Delta Maxi last summer, offering to buy shares from minor shareholders at the price of RSD 7,220 a piece. The share price in the second bid, which was announced in December 2011, amounted to RSD 8,500.