Prague, August 27, 2021 – KAPRAIN investment group has asked the management of Spolchemie to call a General Meeting, during which the buyout of minority shareholders will be concluded. After completing this purchase, KAPRAIN will own 100% of the company. The shares will be purchased for CZK 451 each, which is based on an expert analysis.

“We’ve supported Spolchemie since 2016 when we helped finance its key membrane electrolysis process without which the company would not have been able to compete. Since then, we’ve played an active role in Spolchemie’s development while strengthening our own position in the company,” KAPRAIN CEO Romana Benešová said, adding: “We’ve gradually built up a more than 90% stake, and the current step formally completes that process.”

Spolchemie’s management will now call a General Meeting within 30 days, during which the shareholders will approve the purchase of the shares at the price determined by an expert analysis.