Colian announces mandatory squeeze out. Trading suspended

Majority shareholders of the WSE-listed confectionery producer Colian announced a mandatory buyout of the 8.24 percent shares in freefloat at PLN 4.1 apiece, the company said in a market filing. The purchase date has been set for July 25. AllumaInvest, Ziołopex, Barbara Kolańska, Jan Kolański, Colian Holding, and Ipopema 21 FiZAN, which controls 91.76 percent of the company, plan to delist the company. Previously, the stakeholders acquired over 25 million shares of the company at PLN 4.1 apiece in a tender offer, increasing its stake to 91.76 percent. As a result, the Warsaw Stock Exchange announced the suspension of the company’s stock trading.