Capital MBO tenders all Mangata shares

Capital MBO group, the majority shareholder of metal processing company Mangata, tendered all 902,448 shares or 13.52 percent in the company for PLN 114.15 apiece, mBank brokerage announced. After the tender, Capital MBO will control 66 percent of Mangata. According to Capital MBO, the majority shareholders do not plan on increasing its stake further over the course of the next 12 months, and see this investment as “long-term.”