Etingale Management Limited made a stock acquisition mandatory offer to acquire the remaining 24.6% stake in JSC Khimprom for approximately RUB 130 million.

Etingale Management Limited made a stock acquisition mandatory offer to acquire the remaining 24.6% stake in JSC Khimprom (MICEX:HIMC) for approximately RUB 130 million in cash on August 28, 2013. Etingale Management Limited offered to pay RUB 0.78 per share under the offer. The mandatory offer acceptance or procedure estimation period is 80 days after the receipt of the mandatory offer.

The offer is backed by the banking guarantee provided by Metcombank. As on September 5, 2013, Board of JSC Khimprom has recommended the minority shareholders to accept the offer.