March 13 (SeeNews) - Bosnia and Herzegovina's largest retailer Bingo has increased its shareholding interest in local trading company TP DC Sarajevo to 97.2140% from 94.1755% following a buyout bid, TP DC said.
Shareholders of TP DC holding a 3.0385% stake among themselves accepted Bingo's buyout offer, TP DC said in a filing to the Sarajevo Stock Exchange (SASE) on Friday.
You can subscribe to our M&A newsletter here
Bingo launched the buyout bid in early February, offering to pay 57 marka ($31.1/29.1 euro) per each TP DC share.
TP DC's equity capital is divided into 327,926 shares of 100 marka in par value each.
(1 euro = 1.95583 marka)
Bingo d.o.o. is among the biggest companies in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here