Adris, Koncar, Podravka boost Croatia’s share indices
Bulgaria's TPP Bobov Dol 9-mo cons net profit surges 142% y/y
Romanian stock indices start week in the green, Sphera shines
Romania eyes over 8 GW installed PV capacity by 2030 - president
Sofia bourse indices reverse losses amid soaring turnover
Sep 15, 2023 11:36 EEST
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.
You can subscribe to our M&A newsletter here
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)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options