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Bosnia and Herzegovina
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Fortenova sells agri unit to Podravka for 333 mln euro
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Bosnia's Bingo launches buyout bid for TPDC Sarajevo

Oct 26, 2022, 11:44:00 AMArticle by Dragana Petrushevska
share
October 26 (SeeNews) - Bosnia's largest retailer Bingo said it launched a buyout bid for the remaining shares in local trading company TPDC Sarajevo it does not already own.

Bosnia's Bingo launches buyout bid for TPDC Sarajevo
Bingo

Bingo is offering to pay 27 marka ($13.8/13.8 euro) per share, targeting 186,888 TPDC shares representing a 56.9909% stake, it said in a filing to the Sarajevo Stock Exchange (SASE) on Tuesday.

The offer is valid for a period of 28 days from the announcement date.

Bingo currently owns 141,038 shares, representing a 43.0091% stake in TPDC.

TPDC's equity capital is divided into 327,926 shares of 100 marka in par value each.

Established in 1993, Bingo owns a retail chain and seven shopping centres in the country.

(1 euro = 1.95583 marka)

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