Cryred Investments 100% control of luncheon meats maker Nikas via 'squeeze out'
- Written by E.Tsiliopoulos
Cryred Investments, controlled by local businessman Spyros Theodoropoulos, on Friday submitted a request to the Hellenic Capital Market Commission to purchase all types of shares of Greece-based luncheon meats maker Nikas, essentially a “squeeze out” - a compulsory sale of shares held by minority shareholders with a fair cash compensation.
Cryred currently controls 53,118,682 shares out of a total of 53,154,140, in other words, 99.93 percent of voting rights.
The price per share offered is 1.24 euros, equal to the price in a public offering.
Related items
- Manpower Report: Sectors in Greece that Have Achieved Full Gender Equality in the Workplace
- ational Defense Minister Dendias concludes London visit
- Finance Ministry: Greece a champion in real GDP per capita growth in Europe
- African dust smothers Greece - Doctors warnings
- Ancient Messene to get upgraded visitors' facilities, following approval by Council
Latest from E.Tsiliopoulos
- Manpower Report: Sectors in Greece that Have Achieved Full Gender Equality in the Workplace
- ational Defense Minister Dendias concludes London visit
- Finance Ministry: Greece a champion in real GDP per capita growth in Europe
- African dust smothers Greece - Doctors warnings
- Ancient Messene to get upgraded visitors' facilities, following approval by Council