Agrimill-Agrimpex approves annual report
Wednesday, May 18, 2005, 07:02
Agrimill-Agrimpex Rt at its AGM approved the annual report of the company with Ft 4.4 billion balance sheet total, Ft 85 million reserves for development, and Ft 325 million negative profit. On behalf of the management President Ferenc Polgár advised shareholders to accept public purchase offer of majority shareholder Investor Holding Rt made in late March. This offer was the prerequisite for an option Investor Holding signed with Swiss investor Produkten Handels AG for the latter?s 26,17% stake in Agrimill shares. According to the agreement, Produkten Handels AG is can exercise a right to sell, while Investor Holding has the option to buy the stake.