Farmacol to sell its 45% stake for PLN 507 mln
04:27
Pharmaceutical company Farmacol has announced a tender offer on 10.68 million shares (45.62 percent stake) in the company at PLN 47.50 per share, the firm announced in a market filing.
Subscription in the tender offer will last from October 14 to November 23.
Settlement is scheduled for November 28, 2016, a statement read.
Other shareholders of Farmacol include pension fund ING OFE with an 8.5 percent stake and Aviva with a 6.7 percent stake.
