Tarczyński hikes tender price

The main shareholders of WSE-listed meat processor Tarczyński, Elżbieta and Jacek Tarczyński raised the price offered for the company’s shares to PLN 12.6 apiece from the previous PLN 10.5. Tarczyńscy through its subsidiary EJT Investment wants to buy 6 million shares representing 41.8 percent stake in the company. Last week, a group of Open Pension Funds (OFE) which hold at least 22 percent stake in Tarczyński said that they will not sell their stakes for the offered price deeming it too low. Tarczyńscy currently control 47.12 percent stake and 58.18 percent of the voting rights and were planning to delist the company if the tender is successful.