Management of Lasta supports Strela’s bid for share takeover

The management of Lasta a.d. has supported the bid of ASP Strela from Obrenovac for the takeover of the shares of said transport company.

As emphasized in the opinion of the Supervisory Board of Lasta, published on the website of the Belgrade Stock Exchange, the offered price is adequate and in line with the stipulations of Article 22 of the Law on the Takeover of Joint-Stock Companies.

As pointed out in Lasta’s opinion, Strela intends to work on improving the core activity of the company and keep the collective contract in force until its expiration, with the possibility of adding an annex as per agreement between all the interested parties. It is also pointed out that there were no negotiations between Strela and members of the management of Lasta regarding the share takeover bid.

Let us remind that ASP Strela currently owns 16.77% of Lasta’s shares, and it recently announced its bid for the takeover of the remaining shares at a price of RSD 665 per share. The offered price matches the book value of a share as of December 31, 2024. Strela plans to buy out all the remaining voting-right shares which are not yet in its ownership, that is, 82.23% of the total stake in Lasta.

At the moment, Strela is the biggest shareholder in this Belgrade-based transport company, together with the Equity Fund, which holds 29.7%.

The Republic of Serbia owns 13.8% shares, whereas other significant shareholders include the Pension and Disability Insurance Fund with 7.88%, the National Employment Service with 2.7% and the National Health Insurance Fund (NHIF) with 2.63%. Some shares also belong to the municipalities of Stara Pazova and Indjija.

D. A.

ASP Strela doo Obrenovac

Lasta a.d. Beograd

privatization of Lasta