Concern Kalina’s BOD Suggests Accepting Unilever Rus’s Offer

Unilever Rus, which currently owns a 99.48% shareholding in the cosmetics manufacturer Concern Kalina, intends to buy out the remaining portion of the Yekaterinburg-based company’s shares. The company has already placed the proposal to this extent with the stockholders. The shares in question are ordinary registered uncertified ones, state serial number 1-05-30306-D. The suggested buy-out price comes to 4,260 RUR; the list of shareholders will be valid as of June 26, 2012, the 46th day after Concern Kalina has received the buy-out offer.

Somewhere around January 10, 2012, Unilever is to come up with an offer to buy out the remaining portion of Concern Kalina’s shares. The 82% shareholding in the Russian cosmetics manufacturing company comes at the price of about 17.4bn RUR, which is approximately 700m RUR more than what was originally declared. This increase is due to a number of changes in what regards the actual cost of the transaction. Kalina’s estimated value has remained the same, namely, about 25.9bn RUR, Unilever’s press service reports. Unilever expects that the deadline for accepting the offer will come to about

Unilever’s Russian daughter enterprise Unilever RUS completed the consolidation of a 100% shareholding in the cosmetics manufacturer Concern Kalina, Interfax reports. The buyout of 33,546 ordinary shares (about 0.52% of the company’s authorized capital) went through the day before. The shares were sold by both private individuals and legal entities. It was reported earlier that the price of the remaining 0.52% of shares would come to 4,267 RUR apiece. The agreement to buy an 82% shareholding in Concern Kalina was signed in October 2011. In December, Unilever announced the deal was closed.

Unilever RUS’s stake in Concern Kalina went up from 84.98% to 98.94%, the company reports. Unilever bought a 82% shareholding in Yekaterinburg-based company for about 17.4bn RUR earlier. After a while, Unilever RUS announced it was also going to purchase 15.02% more shares in Concern Kalina.

Unilever and Concern Kalina announced that the former signed an agreement on purchasing 82% of Yekaterinburg-based concern’s shares. The price of the 82% shareholding comes to approximately 16.7 RUR (?390m). Upon the completion of the transaction, Unilever intends to make an obligatory buy-out offer to the rest of Kalina’s stockholders involving the rest of the shares not covered by the initial agreement. This will be done in accordance with the procedure and the terms set out in the current Russian legislation.