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Post by radovic on Nov 21, 2007 13:52:13 GMT -5
Petrol purchased 32.44% of Istrabenz
EMonline
Istrabenz market capitalization amounts to EUR 51.2mn calculated with yesterday’s price.
Istrabenz market capitalization amounts to EUR 51.2mn calculated with yesterday’s price. Share value has increased 169.1% during the last year.
Slovenian state-owned funds Kad and Sod decided to sell their ownership share in Istrabenz to Petrol.
Petrol’s takeover offer was accepted by 1,913 shareholders with 32.28% share in Istrabenz. Petrol now owns 32.44% of Istrabenz.
Petrol submitted its takeover offer on 10 October when it had 0.006% share. First price offered was EUR 100 which was less than its market value and raised the price to EUR 110 after Kad and Sod announced their expectations.
Share value has increased 169.1% during the last year. The ratio of price and earnings (P/E) amounts to 34.32 while its bookkeeping value (P/B) is 2.22. (SEEBIZ)
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