November 16 (SeeNews) - Bosnian bentonite-based product maker Bentoproduct said on Wednesday it plans to launch an offer to take over local mining company Nemetali [BANJ:NMTL-R-A].
Bentoproduct intends to offer 0.32 marka ($0.17/0.16 euro) per each Nemetali share in the takeover offer, it said in a filing with the Banja Luka Stock Exchange (BLSE).
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Bentoproduct does not own any shares in Nemetali.
In the takeover offer, the investor will act together with individual shareholder Adam Vitarigov, who holds 499,902 shares, equal to a 62.182512% interest in Nemetali, Bentoproduct said.
Other Nemetali shareholders include local Business Center with a 21.2% stake, individual shareholder Rizvan Azkhabov with a 5% stake and Nikola Kantar with a 3.2% stake. The remaining interest is split among individual investors holding less than a 1% stake, bourse data updated on November 10 showed.
Nemetali's total share capital of 803,927 marka is divided into 803,927 shares, each with a par value of 1 marka.
Nemetali's shares last traded on the BLSE on November 3, when they closed 3.81% higher at 0.30 marka.
(1 euro = 1.95583 marka)