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Borsa Istanbul seeks to raise stake in Sarajevo Stock Exchange

Borsa Istanbul seeks to raise stake in Sarajevo Stock Exchange Slavko Sereda/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), August 4 (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 1,225 of its shares at a maximum price of 345 marka ($193.7/176.4 euro) apiece, a SASE filing indicated on Tuesday.

The offer is made by local brokerage AW Broker on behalf of Borsa Istanbul, the filing showed.

The auction is scheduled for August 19.

SASE’s capital is divided into 6,149 shares. Borsa Istanbul is its biggest shareholder with a stake of 9.88%. 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 Bosnian marka)

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