LLI Euromils Gmbh Vienna intends to make a tender offer to the rest of the shareholders in Sofia Mel AD at 77.52 leva per share, BSE reports.

LLI Euromils Gmbh controls (directly or via related parties) 403,693 shares, or 60% of the capital of Sofia Mel. The offer will be valid in a term of 28 days after its publication in two national daily newspapers.

On 17 July 403,693 shares of Sofia Mel were transferred at 77.52 leva, or 31.1 mln leva (15.901 mln euros) in total.

The Financial Supervision Commission approved the acquisition of Sofia Mel shares by Lipnik-Ludenburger Invest, Austria today, 23 July.

The acquisition of Sofia Mel is part of LLI's expansion strategy. LLI already controls similar companies in Austria, Germany, Hungary and The Czech Republic, and is planning to confirm its leading position in Europe.

Sofia Mel posted a pre-tax profit in the amount of 770,000 leva (393,694 euros) in 1Q, compared with a negative result at 337,000 leva (172,305 euros) for the respective period a year ago.

Just 1 share of Sofia Mel changed hands on the BSE today at 78 leva.