(Image: Disclosure/Klabin)
Klabin (KLBN11) announced on Tuesday (22) that minority shareholders were asked to adopt the multiple voting procedure for the election of the manufacturer of the manufacturer of paper and pulp.
The company did not identify in order to shareholders which investors placed the request, but said that together its stakes in the company represent more than 5% of voting capital.
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“Therefore, the election of the company’s board of directors, to be held at the Ordinary General Assembly summoned to April 24 can be performed with the adoption of such a process“Klabin said in the warning.
The BB UBS has a neutral recommendation for Klabin Units, with target price of $ 21. For the bank, Klabin’s disruption already seems priced by the market.
Source: Moneytimes
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