RIGA - The voluntary buyout offer for shares in Latvijas Balzams distillery made by the company’s largest shareholder, Amber Beverage Group, has ended without a result, according to the statement submitted to the Nasdaq Riga stock exchange.
The buyout offer, which was valid until March 16, 2016, has expired because the condition set by Amber Beverage Group’s had not been met, namely, the number of shares offered for buyout was below 3 per cent of the total number of Latvijas Balzams shares.
The intention of Amber Beverage Group was to acquire at least...
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