3 Jun 2011 16:16

DIXY firms up valuation of Viktoria shares in purchase deal

MOSCOW. June 3 (Interfax) - OJSC DIXY Group has adjusted its evaluation of the worth of OJSC Viktoria Company Group shares in the context of a deal for their acquisition.

DIXY materials indicate that the price for Viktoria shares used in payment for a DIXY additional share issue has been established at 6,285 rubles apiece (earlier it was said the price was 8,293 rubles). For the deal, a ratio of 0.06220005336 Viktoria shares to one DIXY share is being applied.

As reported, DIXY shareholders in March approved an additional issue of 38.750 million ordinary shares with par value of 0.01 of a ruble to be placed for the acquisition of rival chain Viktoria. The board of directors set the placement price at 391 rubles per share.