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Cinkarna eyeing price hike as purchase of own stock endorsed

Celje, 5 June - Shareholders of chemical company Cinkarna Celje endorsed on Tuesday a proposal from its biggest single owner, insurer Modra Zavarovalnica, that the company buy own stock in the EUR 250-300 price range, which may be an attempt to raise the price of a takeover bid currently at EUR 220 per share.

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