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Bosnia and Herzegovina
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Fortenova sells agri unit to Podravka for 333 mln euro
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Addiko Bank launches buyout bid for Bosnian unit

Nov 17, 2023, 3:19:43 PMArticle by Dragana Petrushevska
share
November 17 (SeeNews) - Austria's Addiko Bank AG said on Friday it launched a buyout bid to acquire the remaining shares it does not already own in Addiko Bank Sarajevo, one of its units in Bosnia and Herzegovina.

Addiko Bank launches buyout bid for Bosnian unit
Author: Radomir Ralev

Addiko Bank AG is offering 327.7 marka ($182.2/167.6 euro) per share in the offer, it said in a bourse filing.

The buyout bid is valid for 28 days from the announcement date.

Addiko Bank AG currently owns 532,492 shares, representing a 99.9985% stake, in its Sarajevo-based unit. Addiko Bank Sarajevo's total share capital is divided into 532,500 shares, each with a par value of 188.55 marka.

Addiko Bank also has a unit in Banja Luka.

(1 euro = 1.95583 marka)

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