February 3 (SeeNews) - Bosnia's Serb Republic securities commission said on Monday it has approved the launch of a buyout bid by real estate company Bel Invest for the remaining 21.67% of trading firm Unicep Trade [BANJ:UNTR-R-A] it does not yet own.
The approval was granted on January 30 and Bel Invest now has seven days to publish a buyout invitation, the securities commission said in a statement with the Banja Luka bourse.
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Bel Invest said last month it plans to offer 0.05 marka ($0.029/0.026 euro) per Unicep Trade share.
It now owns 774,675 Unicep shares, or 78.33% of the company.
Unicep Trade's capital is divided into 988,954 shares of 1.0 marka in par value each. Its shares last traded on the Banja Luka bourse on December 26, closing flat at 0.05 marka.
(1 euro = 1.95583 marka)