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Bosnia's Duvan lowers stake in MKD Privrednik to 35%

Bosnia's Duvan lowers stake in MKD Privrednik to 35% Imperial Tobacco Author ( License: all rights reserved.

SARAJEVO (Bosnia and Herzegovina), October 19 (SeeNews) - Bosnian tobacco producer Duvan Bjeljina decreased its shareholding in local microcredit institution MKD Privrednik [BANJ:MKPR-R-A] to 35% from 80%, MKD Privrednik said.

Duvan remains MKD Privrednik's biggest shareholder, according to a bourse filing posted by MKD Privrednik on Monday.

Other shareholders include individual investors Aleksandra Mihajlovic Savic and Tanja Mihajlovic Sekulic, who own a 17.50% stake each, the filing shows. The remainder is split among Davor Pejic, Slobodan Mihajlovic and Ruzhica Jankovic, each of whom own about 10% stake in MKD Privrednik.

Duvan said earlier in October that it plans to sell a 45% stake in MKD Privrednik for 450,000 marka ($268,000/230,000 euro).

MKD Privrednik is a non-deposit financial institution that manages its assets with the aim of improving the material position of microcredit users, increasing employment and providing support for the development of entrepreneurship.

(1 euro = 1.95583 marka)