DS Smith Packaging South East GmbH proposed a squeeze-out proposal to acquire 2.61% stake in Bilokalnik-IPA d.d. for approximately ?1 on February 14, 2024.

DS Smith Packaging South East GmbH proposed a squeeze-out proposal to acquire 2.61% stake in Bilokalnik-IPA d.d. for approximately ?1 on February 14, 2024. DS Smith Packaging South East, with a direct and indirect ownership stake of 97.39% held in Bilokalnik-IPA's capital, has proposed to pay a consideration of ?57.17 ($61.20) per share to acquire all of the remaining shares without any financial obligations. The shareholders will vote on the proposal on March 19, 2024.

Minority shareholders own 13,064 shares representing 2.61% of the Bilokalnik-IPA's capital. The stock exchange has put Bilokalnik-IPA and DS Smith Packaging South East under monitoring after the squeeze-out proposal was announced.