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Laxey – Demetra: Case closed at current stage

19/11/2004 14:24
Latest reports according to which Laxey has expressed a new interest to acquire a stake of Demetra seem to be mistaken, as both sides told StockWatch that the issue of public offer “has closed at the current stage”.

Laxey has stated that as an active shareholder will continue to control the Board of Directors of Demetra. “We are ready state our proposals and cooperate in order to help the small shareholders and regain part of the lost capital. We have, therefore, sent a letter to the Board of Directors of the Company”, Laxey said.

On the other hand, Demetra supports that it has received no letter. “We have given all the figures that they requested except those regarded as sensitive. Any new proposal for cooperation will be set before the Board of Directors”, the Company concluded.