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North Macedonia: Oilko KDA to submit takeover bid for Makpetrol

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Macedonian fuel storage and transport company Oilko KDA announced that its shareholders have approved a plan to submit a takeover bid for local fuel retailer Makpetrol.

Oilko KDA plans to launch an offer to buy the remaining shares it does not already own in Makpetrol for a price of 67,001 denars (1,088 euros) per share, it said in a bourse filing.

Oilko KDA holds a 28.2% stake in Makpetrol.

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