January 20 (SeeNews) - Bosnian retailer N Trade increased its stake in local industrial equipment leasing company Energoinvest Automatika [BANJ:ATMK-R-A] to 88.225742% from 36.390652% after a takeover offer, Energoinvest Automatika said on Friday.
Shareholders holding 972,941 shares, or a 51.835089% stake among themselves accepted N Trade's takeover offer, Energoinvest Automatika said in a filing with the Banja Luka Stock Exchange.
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N Trade launched a takeover offer for Energoinvest Automatika in early December, offering 0.255 marka ($0.14/0.13 euro) per share.
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.
Energoinvest Automatika's shares last traded on the BLSE on October 3, closing flat at 0.25 marka.
(1 euro = 1.95583 marka)