January 20 (SeeNews) - Bosnian manufacturer of structured metal products Metalno [BANJ:MTNO-R-A] said that its majority shareholder, construction company Jokic-Invest, plans to launch a takeover offer for the the shares in the company that it does not already own.
Jokic-Invest intends to offer 0.276 marka ($0.16/0.14 euro) per each Metalno share in the buyout bid, Metalno said in a filing with the Banja Luka Stock Exchange on Thursday.
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Jokic-Invest became legally obligated to launch a buyout bid for Metalno after its shareholding interest in the company reached 69.97%, it said.
Metalno's largest shareholders after Jokic-Invest are Vajka Spasojevic with a 10.7% stake and Slaven Milicevic with 3.4%, bourse data updated on January 19 showed.
Shares in Metalno have not traded on the Banja Luka bourse in the past year.
(1 euro = 1.95583 marka)