June 17 (SeeNews) - Slobodan Dzukic, the largest shareholder of Bosnian real estate company Posavina Srbac [BANJ:PSVN-R-A], said on Friday he has increased its shareholding interest in the company to 76.3681% from 29.695763% following a tender offer.
Shareholders of Posavina holding 1,616,991 shares among themselves have accepted Dzukic's offer, the bidder said in a bourse filing.
You can subscribe to our M&A newsletter here
Dzukic offered to pay 0.56 marka ($0.30/0.29 euro) per share in the buyout bid launched in early May.
Posavina's share capital of 3.46 million marka is divided into 3,464,565 shares of 1 marka in par value each.
Posavina's shares last traded on the Banja Luka Stock Exchange (BLSE) on December 24, closing 5.71% higher at 0.37 marka.
(1 euro = 1.95583 marka)