Delta takes over remaining shares in Danubius

Belgrade-based Delta Agrar has announced the intention to take over remaining 9.99 percent of shares in Novi Sad-based Danubius, which are not currently in its possession.

Since the majority owner, together with connected persons, owns over 90 percent of shares in Danubius, the final consolidation of ownership requires only one shareholder to deposit shares.

With the latest share price of RSD 7,800 on the Belgrade Stock Exchange, the market capitalization of Danubius amounts to RSD 1.26 billion (EUR 10.95 million).

Danubius continued to expand its operations last year, reporting a RSD 3.1 billion business revenue and the net profit of RSD 115.3 million.