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Luxembourg-based Investor Launches Buyout Bid for Slovenia’s Datalab

Luxembourg-based Rucio Investment filed a buyout bid for Slovenian software developer Datalab Tehnologije [LJE:DATG], the Slovenian company said on Thursday.

Rucio Investment controls 1,544,036 shares in Datalab’s equity capital, and is proposing to buy the remaining 645,848 shares at a price of 11 euro ($12.0) per share, Datalab said in a filing with the Ljubljana Stock Exchange.

The offer is valid from August 3 to September 7 inclusive, unless its validity is extended, Datalab said.

Earlier this month, Datalab said Rucio Investment plans to launch a buyout bid for its capital. The executive manager of Datalab, Andrej Mertelj, is among the three legal representatives of Rocio Investment, according to the notice.

Datalab Tehnologije has a total of 2,189,884 ordinary shares with a total market capitalisation of 23.65 million euro. Datalab’s shares last traded on July 25 on the Ljubljana Stock Exchange when they closed flat at 12.20 euro.

The Slovenian company develops business software and provides consultancy and professional training. Datalab Tehnologije’s Pantheon business IT system enables small to midsize companies to monitor and optimize business processes.

($ = 0.9151 euro)

Source : See News