Bosnia's ASA Banka Nasa i Snazna slightly raises stake in Bamcard

Three shareholders of Bamcard holding 100 shares among themselves accepted ASA Banka Nasa i Snazna's offer, according to the filing with the Sarajevo stock exchange.

ASA Banka Nasa i Snazna offered to pay 155.20 marka ($83/79.4 euro) per each Bamcard share in the takeover offer launched in October.

In the offer, ASA Banka Nasa i Snazna acted together with its owner, local ASA Banka. ASA Banka owns 4,256 shares, representing a 9.6113% stake, in Bamcard.

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.

The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The Serb Republic is the other entity.

(1 euro = 1.95583 marka)