Perhaps only a few experienced investors in the domestic capital market could secretly hope for such a high share price as Flexway Adriatic guaranteed to a considerable number of remaining shareholders of Zvečevo in its takeover offer last week. The price is €38.71 per share, which greatly exceeds even the most optimistic expectations.
For comparison, the lowest share price of that company in the last year was €2.20. By the end of March this year, when it was announced that Zdravko Alvir sold his ownership package of 75.2% of shares in Zvečevo to Flexway Adriatic, a company owned by Flexway DMCC from Dubai, the weak trading of shares had reached nearly €11, and after that, it jumped to €23.80, which is the level that the biggest optimists among the remaining shareholders hoped to achieve in sales.
After the announcement of the takeover offer, the shares rose to €38. It is logical to assume that in the four weeks that the offer is open, almost all remaining shareholders will be very willing to sell all their shares to Flexway, given that the new majority owner of Zvečevo announced that if it acquires 95% of the shares after this offer, it will promptly carry out the squeeze-out procedure, during which the share price will likely be lower than in the takeover offer.
