SARAJEVO (Bosnia and Herzegovina), August 22 (SeeNews) – A buyout bid launched by British American Tobacco Investments (Central and Eastern Europe) (BATICEE) for a 2.6% stake in Bosnian retailer Opresa has failed to attract a single seller, the Sarajevo bourse said on Tuesday.
BATICEE was offering to pay 15.42 marka ($9.3/7.9 euro) per share for the 31,241 shares it does not yet own, the Sarajevo Stock Exchange reported on its website.
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The bid was open for 28 days started July 12.
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 the wholesale distribution of cigarettes, newspapers and other consumer goods.
(1 euro=1.95583 Bosnian marka)