SARAJEVO (Bosnia and Herzegovina), June 2 (SeeNews) – British American Tobacco Investments (Central and Eastern Europe) (BATICEE) plans to launch a buyout bid for a 2.6% stake it does not own in Bosnian retailer Opresa, the Sarajevo bourse said on Friday.
BATICEE is looking to acquire the additional 31,241 shares it does not yet own in Opresa, the Sarajevo bourse said in a notice.
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In 2015, BATICEE increased its shareholding in Opresa to 97.4% following the successful completion of a tender offer.
The tender offer was accepted by six Opresa shareholders.
Opresa's capital is divided into 1,223,149 shares with a nominal value of 10 marka apiece ($5.8/5.1 euro).
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)