Capital MBO announces tender offer for 13.52% in Mangata

Capital MBO group, the majority shareholder of metal processing company Mangata, announced a tender offer for 902,448 shares or 13.52 percent in the company for PLN 114.15 apiece. If the tender is successful, Capital MBO will control 66 percent of the company’s shares. At end-Friday, Mangata was trading at PLN 113. Subscriptions will start on July 20 and end on August 2.