Synthos announces mandatory squeeze out

WSE-listed chemical firm Synthos announced the mandatory squeeze out of the remaining 6.1 percent shares still in freefloat at PLN 4.93 apiece. The squeeze out will be conducted on January 19,  while trading of the company’s stock on the Warsaw Stock Exchange will be suspended on January 16. Back in December, the company’s majority shareholder, Michał Sołowow successfully tendered 31.4 percent of company’s shares, increasing his stake to over 90 percent.