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Bosnia's PMP Jelsingrad FMG to transform into closed joint stock company

Author Iskra Pavlova
Bosnia's PMP Jelsingrad FMG to transform into closed joint stock company Author: PMP Industries. Licence: All rights reserved.

SARAJEVO (Bosnia and Herzegovina), January 23 (SeeNews) – Bosnian manufacturer of machine parts for iron and steel works PMP Jelsingrad FMG [BANJ:JFMG-R-A] said its shareholders have approved a plan to transform the company from an open joint-stock enterprise into a closed one. 

The approval was granted at a January 21 extraordinary shareholders meeting, PMP Jelsingrad FMG said in a statement filed with the Banja Luka Stock Exchange (BLSE) on Wednesday.

Italy's PMP Industries controls 100% of the Bosnian company, bourse data shows.

The Gradiska-based company makes up the PMP Industries' steel works division along with the group's production facility in Coseano, Italy.

PMP Jelsingrad FMG's shares last traded on the BLSE on May 25, 2018, closing flat at 0.80 marka ($0.45/0.41 euro)

(1 euro = 1.95583 marka)

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