February 4 (SeeNews) - Bosnian real estate company Bel Invest said it has launched a buyout bid for the remaining 21.67% of local trading firm Unicep Trade [BANJ:UNTR-R-A] it does not already own.
Bel Invest is offering to pay 0.05 marka ($0.029/0.026 euro) per each outstanding Unicep Trade share, with the offer to remain open in the next 30 days, it said in a statement with the Banja Luka bourse on Monday.
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Bel Invest now owns 774,675 Unicep shares, representing a 78.33% stake in the company. Unicep's capital is divided into 988,954 shares of 1.0 marka in par value each.
Bel Invest also said it does not intend to relocate the headquarters and change the business activities of Unicep but plans to increase the number of Unicep employees in line with the company's future needs.
Unicep's shares last traded on the Banja Luka bourse on December 26, closing flat at 0.05 marka.
(1 euro = 1.95583 marka)