March 22 (SeeNews) - Hungarian financial services provider Bohemian Financing has become obliged to announce a takeover bid for the 1.51%% interest it does not already own in Croatian hotel operator Jelsa [ZSE:JLSA], a legal representative of Bohemian Financing said.
The obligation occurred on March 21, following the acquisition of Hungarian company Eurobridge Medical Innovation (EMI) by Bohemian Financing, Croatian lawyer Ana-Marija Grubisic Cabraja said in a filing to the Zagreb bourse.
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Bohemian Financing owns 16.50% in Jelsa. EMI, wholly owned by Bohemian Financing, holds a stake of 81.99% in the Croatian company.
Jelsa's equity capital of 74.6 million kuna ($10.7 million/9.8 million euro) is divided into 7,462,031 shares with a nominal value of 10 kuna each. A total of 1,343,473 of the shares are listed on the Zagreb Stock Exchange (ZSE), bourse data showed.
The Hungarian company would target Jelsa’s 111,979 shares that are listed on the ZSE, excluding those on which any kind of burden has been set.
Jelsa’s shares have not traded on the ZSE since May 5, 2008.
The bourse suspended trading with Jelsa's stock on Wednesday due to the announcement of the Hungarian company’s plan for a takeover bid.
($ = 0.944 euro)