SARAJEVO (Bosnia and Herzegovina), July 12 (SeeNews) – British American Tobacco Investments (Central and Eastern Europe) (BATICEE) has launched a buyout bid for a 2.6% stake it does not own in Bosnian retailer Opresa, the Sarajevo bourse said on Wednesday.
BATICEE is offering to pay 15.42 marka ($9/7.9 euro) per share for the 31,241 shares it does not yet own in Opresa, the Sarajevo bourse said in a notice.
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The takeover offer is open for 28 days.
BATICEE currently owns 1,191,908 shares in Opresa.
In 2015, BATICEE increased its shareholding in the Bosnian retailer to 97.4% following the successful completion of a tender offer, which was accepted by six shareholders.
Opresa, based in Sarajevo, runs a chain of kiosks and is involved in wholesale distribution of cigarettes, newspapers and other consumer goods.
(1 euro=1.95583 Bosnian marka)