August 7 (SeeNews) - Bosnian company Prevent Nekretnine said on Monday it launched an offer to buy all the shares it does not already own in local medical devices, sanitary and hygiene products Saniteks [SAJ:STVKRK4].
Prevent Nekretnine is offering 11 marka ($6.2/5.6 euro) per share in the offer, targeting 122,354 Saniteks shares, representing a 26.4625% stake, it said in a bourse filing.
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The takeover offer is valid for 28 days from the announcement date.
In the takeover offer, Prevent Nekretnine is acting together with two other Saniteks shareholders, Prevent Cables and Pro Consulting. The shares which will be acquired during the takeover offer will belong to Prevent Nekretnine, the investor noted.
The three shareholders hold a stake of 73.5375% in Saniteks among themselves. Prevent Nekretnine alone owns a 25.4193% stake in Saniteks.
Saniteks' shares last traded on the Sarajevo stock exchange on May 17, when they closed 0.63% higher at 11 marka.
Saniteks, founded in 1962, has production facilities in Velika Kladusa and Buzim, in northwestern Bosnia.
(1 euro = 1.95583 marka)