Takeover of Laser Maker Fotona Completed

13. 05. 2014

Takeover of Laser Maker Fotona Completed

The US-owned Fotona Holding has acquired the remaining 19.12% stake in the Ljubljana-based laser manufacturer Fotona, at EUR 28.16 per share, increasing its stake in Fotona to 99.2%, according to Monday's edition of the daily Delo.

The takeover bid from the Fotona Holding, formerly known as Gores Laser Holdings, which was valid until 9 May, was accepted by a total of 835 small shareholders.



The Los Angeles-based investment firm first bought a EUR 70.48% stake in Fotona at an auction in late January from the state-run PDP firm.


The buyer also acquired a 10.40% stake in Fotona from electronic components maker Iskra, but at a lower price than what it offered per share in the latest takeover bid.


After coatings maker Helios, Fotona was the second company on the government's priority list for privatisation to be sold.


Source: The Slovenia Times

Takeover of Laser Maker Fotona Completed