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Bosnia and Herzegovina
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Bosnia’s Bingo launches buyout bid for 49.99% of local Tuzla-Remont

Nov 9, 2012, 5:49:48 PMArticle by Valentina Dimitrievska
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SARAJEVO (Bosnia and Herzegovina), November 9 (SeeNews) – Bosnian retailer Bingo has launched a buyout bid for the remaining 49.9968% of local automotive service firm Tuzla-Remont it does not already own, the Sarajevo bourse said.

Bosnia’s Bingo launches buyout bid for 49.99% of local Tuzla-Remont

Bingo wants to buy 291,749 Tuzla-Remont shares for 2.4 marka ($1.6/1.2 euro) apiece, the Sarajevo Stock Exchange said on its website on Thursday.

The offered price is equal to 21.82% of the nominal value of a Tuzla-Remont share.

The bid will be valid for 30 days from the day of its announcement.

Bingo owns 50.0032% of Tuzla-Remont whose capital is divided into 583,535 shares.

Both companies are based in the town of Tuzla.

(1 euro=1.95583 Bosnian marka)

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