The offered price per share is 43,60 leva. The offerer intends to ask for the company's delisting from the public compnies register managed by the Commission.
ZMM Bulgaria Holding (owned by Industrial Holding Bulgaria) controls 92,89% of the company's capital.
ZMM Bulgaria will maintain the core activity of the company which is development and production of lathes, universal, high capacity wood processing machines, home goods and others.
This is the second tender offer ZMM Bulgaria Holding makes for the stock. The first was in 2005 when the company increased its stake in ZMM Sliven to the current 92.89% of the capital.The offer back then was at 3 leva/share.
No transactions involving ZMM Sliven stock were made on the BSE today, bids and asks stayed at 38 and 40 leva respectively.