Whitebeam Holdings, Tidal Wave Trading and Policolor have filed a squeezeout document with the Financial Supervision Commission, aiming to buy the shares in Orgachim remaining in ownership of minority holders following the tender offer, which resulted in the three companies surpassing the 95% threshold. The document has not yet been approved by the financial regulator.
The three companies will acquire the remaining shares of the minority shareholders at a price higher or equal to the tender offer price of BGN 90/share. The minority shareholders are obliged to sell their shares in the procedure.