March 9 (SeeNews) - Bosnian tobacco producer Duvan Bjeljina [BANJ:DUVN-R-A] said on Thursday that its biggest shareholder, Svetozar Mihajlovic, plans to launch an offer to buy the shares in the company that he does not already own.
Mihajlovic plans to offer 0.215 marka ($0.116/0.110 euro) per each Duvan share in the planned takeover bid, Duvan said in a filing with the Banja Luka Stock Exchange.
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Mihajlovic currently owns 1,485,402 shares in Duvan, representing a 29.998073% stake.
Other big shareholders include local company Agro-Star, which owns a 23.8% stake, Zeljko Savic with a 21.5% stake and the management company of the Serb Republic's Pension Reserve Fund with a 7.1% stake.
Duvan's share capital is divided into 4,951,658 shares with a par value of 1 marka each.
The company's shares last traded on the Banja Luka bourse on February 2, closing 17.65% higher at 0.20 marka.
(1 euro = 1.95583 marka)