Dashdirect Limited, Kirovs Lipmans, Anna Lipmane and Filips Lipmans made a mandatory buyout bid to acquire remaining 27.36% stake in AS Grindeks (RISE:GRD1R) for €33 million on May 23, 2019. The offered price per share is €12.59. Dashdirect Limited, Kirovs Lipmans, Anna Lipmane and Filips Lipmans collectively hold 72.64% stake in Grindeks. Kirovs Lipmans, Anna Lipmane and Filips Lipmans will hold 92.81% stake of AS Grindeks. To finance the mandatory buyout deal, the offerors have concluded a loan agreement with the Latvian branch of Luminor Bank and have made a deposit with the bank for the buyout purpose. As on May 28, 2019, Financial and Capital Market Commission (FCMC) allowed the offerors to announce the mandatory takeover bid. The takeover bid will last for thirty days starting on the day when offerors will publish official announcement in the official journal “Latvijas Vestnesis” informing about the takeover bid. On May 29, 2019, official announcement for the bid was published in Latvijas Vestnesis and the mandatory buyout bid was made. The minority shareholders of Grindeks have 30 days, until June 28, 2019 to accept the offer. The results of the offer will be announced on July 5, 2019, while the payment will be made July 5, 2019. Dashdirect Limited, Kirovs Lipmans, Anna Lipmane and Filips Lipmans completed the acquisition of 20.17% stake AS Grindeks (RISE:GRD1R) for €24.3 million on June 28, 2019. As a result of the transaction, Dashdirect Limited, Kirovs Lipmans, Anna Lipmane and Filips Lipmans bought 1,933,269 shares shares, representing 20.17 % stake of AS Grindeks. Dashdirect Limited, Kirovs Lipmans, Anna Lipmane and Filips holds 8.9 million shares representing, 92.81% stake in AS Grindeks.