BANJA LUKA (Bosnia and Herzegovina), February 25 (SeeNews) – Bosnian brewer Banjalucka Pivara [BANJ:BLPV-R-A] said on Tuesday its management has a positive view on the takeover bid for the company placed by Cayman islands-registered Altima Global Special Situations Fund acting in concert with Altima UK Value Investments.
Altima Global Special Situations Fund currently owns 18,379,955, or 88.47%, of Banjalucka Pivara’s ordinary shares, while Altima UK Value Investments, also registered on the Cayman islands, is an owner of 1,524,812, or 100% of the brewer’s preferred shares.
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Altima Global Special Situations Fund is obliged to acquire the remainder of Banjalucka Pivara’s ordinary shares for 1.0 marka ($0.7/0.5 euro) apiece, the brewer said in a filing with the Banja Luka Stock Exchange.
Banjalucka Pivara is based in the Serb Republic, one of the two entities that form Bosnia. The other is the Muslim-Croat Federation.
(1 euro = 1.95583 Bosnian marka)