SARAJEVO (Bosnia and Herzegovina), November 29 (SeeNews) – Bosnian retailer Amko Komerc said it has launched a buyout bid for the remaining 20.45% stake in the capital of local sector player Dobrinja [SAJ:DBRNRK2] it does not already own.
Amko Komerc has offered to pay 53.49 marka ($31.1/27.35 euro) per Dobrinja share, or 68.5769% of their nominal value, the company said in a filing with the Sarajevo Stock Exchange on Wednesday.
You can subscribe to our M&A newsletter here
The offer will be valid for 28 days after its launch.
Last month, Amko Komerc said it plans to launch a mandatory buyout bid for Dobrinja, as its stake in Dobrinja's capital amounts to 79.5486%.
Amko Komerc, which operates 50 retail stores in the area of Sarajevo, acquired a majority shareholding interest in the capital of Dobrinja in 2012, according to data from its corporate website.
(1 euro = 1.95583 marka)