Bosnia's N Trade kicks off buyout bid for Energoinvest Automatika

N Trade is offering 0.255 marka ($0.14/0.13 euro) per each Energoinvest Automatika share in the buyout bid, it said in a filing with the Banja Luka Stock Exchange (BLSE) on Thursday.

The tender offer is valid for 30 days from the announcement date.

N Trade holds 683,050 shares of Energoinvest Automatika, representing a 36.390652% interest. Energoinvest Automatika's total share capital of 1.877 million marka is divided into 1,876,993 shares, each with a par value of 1 marka.

Individual investor Mladen Bozovic holds a 29.9% stake, local IT company K-Inel owns 14.2% and Jasmina Koprivica holds a 5.03%, according to BLSE data updated on December 8. The remainder is held by individual shareholders with less than 1% interest each.

The company's shares last traded on the BLSE on October 3, closing flat at 0.25 marka.

(1 euro = 1.95583 marka)