You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bosnia's Index increases stake in transport firm Centrotrans Tranzit

Author Iskra Pavlova
Bosnia's Index increases stake in transport firm Centrotrans Tranzit Deal, business, corporate contracts

SARAJEVO (Bosnia and Herzegovina), August 13 (SeeNews) - Bosnian metal processing company Index said it has raised its stake in Bosnian cargo transport company Centrotrans Tranzit [SAJ:CTRTR] by 0.1% to 50.3% following a buyout bid.

In the bid, which was launched in July, Index in partnership with affiliated parties offered to pay 91.56 marka ($52.4/46.8 euro) per each of the 28,194 Centrotrans shares it did not yet own, representing 49.8% of the share capital, Index said in a filing with the Sarajevo Stock Exchange last week.

However, Index acquired only 54 shares, or 0.0954% of Centrotrans' share capital, it said.

Index is also active in the import and trade of original spare parts for heavy motor vehicles.

Centrotrans Tranzit, established in 1963, is a leading cargo transport company in Bosnia, offering domestic and international transport services. It also services and maintains motor vehicles.

Centrotrans' shares last traded on the Sarajevo bourse on April 26, closing 50% higher at 48 marka. The stock's nominal value is 100 marka.

(1 euro = 1.95583 marka)

Compare