January 24 (SeeNews) - Bosnian food, trade and textile company AS Group and production, trade and transport company AS Jelah launched a buyout bid for the 49.8% stake they do not own in Bosnian salt producer Solana Tuzla
[SAJ:SOLTRK3], AS Holding and AS Jelah said on Thursday.
AS Group and AS Jelah launched a buyout bid for 252,536 shares in Solana, offering to pay 25.00 marka ($14.5/12.7 euro) per share, or 35.6125% of their nominal share, the two companies said in a joint statement filed with the Sarajevo Stock Exchange.
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Solana Tuzla, established in 1885, is one of the region's leading salt producers. It currently employs 365 workers.
Solana shares last traded on the Sarajevo bourse on November 20, closing 4% down at 24 marka.
(1 euro = 1.95583 marka)