Innova and EMP increase stake in Bakalland

Innova Phoenix and EMP Investments have acquired 3,435,279 shares in nuts and raisins distributor Bakalland in a tender offer, the deal’s manager Ipopema Securities said in a statement on Wednesday. The two firms announce a tender for Bakalland shares in August. They intended to buy 5,183,311 shares or 26.4 percent in Bakalland and take the company off the stock exchange. The price offered was PLN 2.8 per share. Before the offer, the buyers held 73.60 percent in Bakalland.