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.
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