EconomyGovernment to buy out minority shares in Dr. Simo Milošević Institute

Government to buy out minority shares in Dr. Simo Milošević Institute

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The owners of the Dr. Simo Milošević Institute—comprising the government, the state fund, and HTP Vila Oliva—will begin next week purchasing shares from small shareholders at a price of 58 EUR per share. This price represents the highest rate at which the shares have been traded on the stock exchange in the past six months.

The government recently approved the mandatory public takeover plan for the Institute’s shares as part of its restructuring strategy.

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A joint call for the purchase of shares from small shareholders will soon be announced by the government, the Development Bank, the Employment Bureau, the Health Insurance Fund, and HTP Vila Oliva. Together, they currently own 85.66% of the shares.

However, small shareholders are not obligated to sell their shares.

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