Synthos secures enough shares to delist the company

WSE-listed chemical group Synthos secured 31.4 percent of its shares (415.97 million) in the recent tender offer at PLN 4.93 apiece. The company wanted to acquire 37.54 percent of its shares. This means, that the company’s majority shareholder, Michał Sołowow, has over 90 percent of the company’s stock and can delist it from the Warsaw bourse, which he said is his goal. Sołowow announced the tender offer in late October, offering PLN 4.78 per share initially, then raising the offer to PLN 4.93 apiece.