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Bosnia's Bel Invest plans buyout bid for Unicep Trade

Author Iskra Pavlova
Bosnia's Bel Invest plans buyout bid for Unicep Trade Photo: www.fmf.gov.ba

SARAJEVO (Bosnia and Herzegovina), January 8 (SeeNews) - Bosnian real estate company Bel Invest said on Wednesday it plans to launch a buyout bid for the remaining 21.67% shareholding interest in local trading firm Unicep Trade [BANJ:UNTR-R-A] it does not yet own.

Bel Invest has increased its stake in Unicep Trade to 78.33%, which obliges it to launch a buyout bid, it said in a filing with the Banja Luka Stock Exchange.

Bel Invest is offering to pay 0.05 marka ($0.029/0.026 euro) per each outstanding Unicep Trade share.

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)

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