SARAJEVO (Bosnia and Herzegovina), June 17 (SeeNews) – Borsa Istanbul plans to increase its stake in the operator of the Sarajevo Stock Exchange, SASE, through an offer to purchase at an auction 500 of its shares at a maximum price of 320 marka ($184.4/163.6 euro) apiece, a SASE spokesperson said on Wednesday.
SASE’s shareholders will decide whether to accept the offer made by local brokerage AW Broker on behalf of Borsa Istanbul, the spokesperson told SeeNews in an email.
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The auction is scheduled for June 29.
SASE’s capital is divided into 6,149 shares. Borsa Istanbul is its biggest shareholder with a stake of 9.89%. The following nine biggest shareholders with stakes of 5.2% each are local brokerage houses and banks.
SASE is one of two bourses operating in Bosnia and Herzegovina. The other one is based in Banja Luka.
Elsewhere in Southeast Europe, Borsa Istanbul also owns a stake in the Montenegro Stock Exchange. According to the latest data available on the operator's website, the stake held by its Turkish peer is 24.39%.
(1 euro=1.95583 marka)