May 18 (SeeNews) - Bosnia's medical devices, sanitary and hygiene products Saniteks [SAJ:STVKRK4] said on Thursday that its shareholder, local company Prevent Nekretnine, plans to launch an offer to buy shares representing a 26.4625% stake in the company.
In the planned takeover offer, Prevent Nekretnine will act together with two other Saniteks shareholders, Prevent Cables and Pro Consulting, Saniteks said in a bourse filing.
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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 closed 0.63% higher at 11 marka on the Sarajevo Stock Exchange (SASE) on Wednesday. They did not trade on the bourse by 11:20 CET on Thursday.
Saniteks, founded in 1962, has production facilities in Velika Kladusa and Buzim, in northwestern Bosnia.
(1 euro = 1.95583 marka)