Pannunity reports on squeeze-out results

In Hungary

Pannunity on Monday said it acquired a further 153,759 shares in plastics company Pannunion exercising a squeeze-out option.

Pannunity said 171,423 shares were still outstanding after the squeeze-out option which closed on November 4. These shares will be invalidated.

Pannunity, indirectly controlled by investment funds managed by affiliates of Sun Capital Partners, a US-based private investment firm, obtained 98.8% of the voting rights of Pannunion in a public purchase offer earlier in October. It called the squeeze-out option between October 27 and November 4 at a price of HUF 210 per share.

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