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ESTONIA: Liviko buyout postponed

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The proposed buyout of the smaller remaining shareholders in Estonia's leading alcohol producer Liviko by the company's controlling shareholder, NG Investeeringud, has been postponed until the autumn after some smaller shareholders disputed the buyout plans in court. The decision to undertake the buyout was made at the AGM a month ago. NG Investeeringud offered Ekr17.5 per share for the remaining 2.5% in the company which it does not already own. The buyout was scheduled to take place a month after the AGM.


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