Fuel storage and transport company Oilko KDA raised its stake in local fuel retailer Makpetrol to 24.88% from 22.87% following a takeover offer.
A total of 63 Makpetrol shareholders controlling 2.01% interest among themselves accepted Oilko KDA’s takeover offer, the bidder said in a bourse filing.
Oilko KDA in February launched a takeover offer to buy 72,644 shares in Makpetrol which it did not already own, proposing to pay 67,001 denars (1,089 euros) per share. The targeted shares represented a 64.64% stake in the company.
