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Czech Agrofert to buy Hyza shares for Sk535 each

CZECH company Agrofert Holding will buy up shares of Slovak poultry processing companies Hyza for Sk535 each. The offer was published on July 7 and is valid for 30 days.

At a future date the company will also announce an obligatory bid to takeover shares of another Slovak poultry processing company THP.

The company's responsibility to the remaining shareholders to make a bid to buy their shares in Hyza and THP dates back to January when Agrofert bought a 59.95-percent stake in Hyza and a 51.38-percent stake in THP.

In early 2006 the Slovak Antitrust Office (PMÚ) approved the acquisitions by Agrofert Holding of Slovak firms Hyza, THP, poultry farm Javor 503, and fodder mixtures produces Strečno and Považan.

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