Latest breaking news is that one of the companies under the auspices of FORTENOVA GROUPA, d.d. - which some time ago committed a squeeze-out of Slovene minority shareholders from MERCATOR, d.d. - bought a 44% equity interest in the holding company owned by the Russian state bank SBERBANK. By selling "to themselves", they are trying to speed up the sale of the Russian share in the company, which is a prerequisite for the refinancing of its liabilities. The meeting at which the owners will reach a decision has not yet happened, because the shareholders do not have a quorum due to suspended voting rights of the Russian bank. Meanwhile, the Russian ownership of FORTENOVA GROUP poses such a problem for the company that they are rushing with the sale of the 44% share indirectly to the company itself, however, Slovene court unfortunately did not foresee such problem when FORTENOVA GROUPA entered the decision to squeeze out the MERCATOR minority shareholders into the court register, in spite of the registry lock won by VZMD. VZMD appealed such a decision and launched a judicial review process regarding the adequacy of remuneration.
Mediji o VZMD
si24.news: SBERBANK - Rushed sale of the Russian share of FORTENOVA, which is apparently seen as unproblematic only by Slovene courts – VZMD continues its efforts to protect the interests of expropriated shareholders of MERCATOR
Latest breaking news is that one of the companies under the auspices of FORTENOVA GROUPA, d.d. - which some time ago committed a squeeze-out of Slovene minority shareholders from MERCATOR, d.d