Penta has completed a mandatory offer

The mandatory offer, which Penta Investments submitted to minority shareholders of Dexia banka Slovensko, has been completed. Penta increased its stake by 5.17 % and became the owner of 93.88 % stake of Dexia banka Slovensko.

The mandatory offer, which lasted 60 days, was finished on 18 June and within five working days on 24 June, the settlement between the sellers and the buyer took place.

„Penta as a majority shareholder met its legal obligation and submitted the takeover offer of stocks to minority shareholders. We paid the minority shareholders roughly EUR 5.28 million for the purchased stocks,"  said Iain Child, Partner of Penta.

Penta Investments provided the minority shareholders with the mandatory offer for takeover of stocks on 20 April 2011. Minority shareholders were informed about its status in the press on a weekly basis and that during the entire validity of the mandatory offer. In the offer a price in the amount of 1. 4 fold for EUR 1 of the par value set by the law with the consent of the National Bank of Slovakia. Sale of shares is possible after the mandatory offer is finished too. In case the minority shareholders are interested in selling their shares to Penta, the trade will take place on the stock Exchange in a standard ways.

Penta Investments has been a 88.71 per cent shareholder of Dexia banka Slovensko since 31 March 2011. The agreement on buying out the majority stake of Dexia banka Slovensko was signed in November 2010 between Penta and Dexia Kommunalkredit Bank, the daughter company of  Dexia SA.

About Penta

Penta is a Central European investment group established in 1994. It operates mainly in healthcare, financial services, manufacturing, retail, media and real estate development. Its portfolio companies provide jobs to more than 41,000 people and reported assets of EUR 9 billion in 2017. Penta operates in more than 10 European countries and has offices in Prague, Bratislava and Warsaw.

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Martin Danko
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Gabriel Tóth
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