Ljubljana share indices end week down, NLB paces decliners
Croatian share indices rebound on gains in Hrvatski Telekom
Bosnia's Serb Republic avg net wage up real 4.7% y/y in Jan
Sofia bourse indices mostly rise, turnover jumps on Galata trades
Romanian stock indices end week in the green, Electrica shines
Oct 25, 2022 13:04 EEST
October 25 (SeeNews) - Bosnian lender ASA Banka Nasa i Snazna said it has launched a takeover bid for local clearing house Bamcard [SAJ:BMCDRK2], targeting shares representing a 70.3575% stake.
ASA Banka Nasa i Snazna is offering 155.20 marka ($78.3/79.4 euro) per each Bamcard share in the takeover offer, the bidder said in a filing with the Sarajevo Stock Exchange (SASE) on Friday.
You can subscribe to our M&A newsletter here
The offer is open for a period of 28 days.
In the offer, ASA Banka Nasa i Snazna acts together with its owner, local ASA Banka. The shares which will be acquired in the takeover bid will be owned by ASA Banka Nasa i Snazna.
Currently, ASA Banka Nasa i Snazna holds 8,870 shares, representing a 20.0312% stake in Bamcard, whereas ASA Banka owns 4,256 shares, representing a 9.6113% stake.
Bamcard's share capital of 2.4 million marka is divided into 44,284 shares, each with a par value of 55 marka.
Bamcard's shares last traded on SASE on August 26, when they closed 0.13% lower at 155 marka.
ASA Banka Nasa i Snazna purchased its stake in Bamcard from ZiraatBank BH, a unit of Turkish lender Ziraat Bankasi, in late August for 1.37 million marka, earlier data by the Sarajevo bourse showed.
ASA Banka Nasa i Snazna operated under the name Sberbank BH until March. ASA Banka acquired it from Austria-based Sberbank Europe, controlled by Russia's Sberbank, for an undisclosed amount, and renamed it to ASA Banka Nasa i Snazna.
(1 euro = 1.95583 marka)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options