Superior Industries secures more Uniwheels shares

Superior Industries bought the remaining 109.959 shares of WSE-listed alloy wheels producer Uniwheels, after the mandatory squeeze-out for 954,920 (7.7 percent stake) free float shares. Earlier in June, American investor agreed to buy 7.6 million shares representing a 61.29 percent stake in the company from its owner for PLN 226.5 apiece, while the remaining free float shares were acquired for PLN 247.87 apiece. After the tender, Superior controlled 92.3 percent of the company. New owner plans delisting Uniwheels.