December 20 (SeeNews) - Bosnian investment group MIMS sold out on Friday its 38% stake in local retailer Merkur [SASE:MRKSRA] for 2.05 million marka ($1.16 million/1.05 million euro), Sarajevo Stock Exchange (SASE) data showed.
The transaction was carried out at an extraordinary auction on the Sarajevo bourse, with 297,248 Merkur shares changing hands at 6.90 marka each, SASE said on its website.
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The name of the buyer has not been revealed yet.
MIMS was the single largest shareholder in Merkur with its 38% stake as of December 20, followed by Raiffeisen Bank Bosnia and Herzegovina with 29.7% and closed-end investment fund Naprijed with 11.3%, bourse data showed. The remainder belongs to smaller shareholders.
Merkur's capital is divided into 779,269 shares in par value of 20 marka each.
(1 euro = 1.95583 marka)