Austrian Duropack announces buyout bid for Serbian unit .

By bne IntelliNews July 22, 2011
Austrian cardboard packaging producer Duropack has announced a bid to buy the remaining 6.13% stake at its Serbian unit, the company said in a statement to the Central Securities Depository and Clearing House. The bid will be valid until August 10, 2001. Duropack will pay RSD 1,000 ( EUR 9.5) a share. It now owns 93.87% of the Serbian company. Duropack, in a consortium with Zobex Company International acquired a 70% stake in cardboard maker Dusan Petronijevic in a tender in 2004. Later the company was renamed to Duropack. Duropack has operations in Austria, Germany, Hungary, Bulgaria, Slovenia, Slovakia and Serbia.

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