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Bosnia's AS to launch takeover bid for Vispak - report

Bosnia's AS to launch takeover bid for Vispak - report Kritchanut/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), May 16 (SeeNews) - Bosnia's food, trade and textile group AS intends to launch a takeover bid for the remaining 4.97% stake it does not already own in food company Vispak, local media reported on Thursday. 

AS owns 95.03% of Vispak's share capital, and will launch a takeover bid within the legal deadline to become sole owner of the company, business news portal Biznisinfo.ba reported. 

The report did not say what price AS will offer for the shares in Vispak it plans to acquire. Vispak's shares last traded on the Sarajevo bourse on Wednesday, closing 1.19% lower at 10 marka ($5.7/5.1 euro).

(1 euro = 1.95583 marka)

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