Bosnia's MF Grupa launches buyout bid for MF Banka

MF Grupa is offering 193.27 marka ($105.7/98.8 euro) per each MF Banka share in the buyout bid, it said in a bourse filing.

MF Grupa currently owns a 94.87% stake in MF Banka. The bank's share capital is divided into 511,410 shares, each with a par value of 100 marka.

The offer is valid for 30 days from the announcement.

The lender's shares have not traded on the Banja Luka bourse in the past year.

(1 euro = 1.956 marka)