Germany’s Quarzwerke Launches Squeeze-out at Kaolin

Germany’s Quarzwerke Launches Squeeze-out at Kaolin

German minerals extracting and processing company Quarzwerke launched a squeeze-out offer for 1.92% of Bulgaria’s peer Kaolin at a price of 4.156 levs ($2.87/2.125 euro) per share.
Quarzwerke seeks to buy the 958,826 shares it does not own yet at a price identical to the one it paid for its current holdings, Kaolin said.
Quarzwerke bought some 87% of Kaolin from Bulgaria's Alfa Finance Holding in May. Later, it increased its stake in the company.
 
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