September 15 (SeeNews) - Bosnian company Prevent Nekretnine has increased its stake in local medical devices, sanitary and hygiene products Saniteks [SAJ:STVKRK4] to 28.8319% from 25.4193% following a takeover offer for the company, Saniteks said on Friday.
Shareholders of Saniteks controlling a 3.4127% stake among themselves have accepted Prevent Nekretnine's offer, Saniteks said in a bourse filing.
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Prevent Nekretnine launched in August a takeover offer for the shares it does not already own in Saniteks, offering to pay 11 marka ($6/5.6 euro) per share. In the takeover offer, Prevent Nekretnine acted together with two other Saniteks shareholders, Prevent Cables and Pro Consulting, holding a 43.2% and 4.9% stake in Satineks, respectively.
Saniteks' shares last traded on the Sarajevo stock exchange on August 28, when they closed 0.10% lower at 10 marka.
Saniteks, founded in 1962, has production facilities in Velika Kladusa and Buzim, in northwestern Bosnia.
(1 euro = 1.95583 marka)