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Mercor SAMercor fire protection starts share buyback process from shareholders
Listed passive fire protection manufacturer Mercor's management board has started the process of buyout of shares from shareholders who do not agree with the change of the company's business focus and changes to the articles of association, Mercor said in a market filing. The buyout of shares will be carried out through the company's management board, at the price set by the Extraordinary General Meeting, PLN 26.91 (EUR 6.4)per share.
As the company stated, due to the transfer of organised parts of its business to its subsidiaries, the nature of the company's business will change to a holding business.
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