Bosnia's Castellina Srpska to launch buyout bid for Napredak

Castellina Srpska, which owns a 68.8% stake in Napredak, will act in the buyout bid together with individual shareholder Sladomir Djuric, who owns a 28.6% stake in Napredak, Castellina Srpska said in a bourse filing.

Castellina Srpska will offer 0.432 marka ($0.24/0.22 euro) per share in the buyout bid.

Napredak's share capital is divided into 6,015,177 shares of 1 marka in par value each.

Its shares last traded in regular trading on the BLSE on June 25, closing flat at 0.432 marka.

(1 euro = 1.956 marka)