January 23 (SeeNews) - Bosnian brewer Banjalucka Pivara [BANJ:BLPV] said it plans to establish a limited liability company in neighbouring Serbia, which will distribute and sell its products.
The plan will be put to the vote at Banjalucka Pivara's extraordinary shareholders meeting on February 10, the company said in a statement on Wednesday.
The new subsidiary will be based in Belgrade.
The shares of Banjalucka Pivara last traded on the Banja Luka Stock Exchange (BLSE) on June 13, 2017, when they closed flat at 1.5 marka.
The company itself is its largest shareholder with a stake of close to 88%, while Altima UK Value Investments Limited owns just over 12%, BLSE data showed on January 23.
(1 euro=1.95583 marka)