August 28 (SeeNews) - The managing and supervisory boards of Bosnian Pivara Tuzla [SAJ:PITZ] have accepted the offer of local company RK Invest to buy the remaining 48.98% stake it does not already own in the brewer, Pivara Tuzla said on Monday.
The boards find RK Invest's offer to purchase a total of 685,876 Pivara Tuzla shares at 5.0 marka ($3.1/2.6 euro) apiece to be fair and just, the brewer said in a filing with the Sarajevo Stock Exchange.
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RK Invest purchased a 51.02% stake in Pivara Tuzla in May and is obliged to propose to buy the remainder.
The offer will be valid for 28 days.
According to the latest available data of SASE, local brewer Sarajevska Pivara owns 18.9% of Pivara Tuzla.
Tuzla is located in the Federation - one of the two autonomous entities that form Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro=1.95583 marka)