September 29 (SeeNews) - Bosnian company RK Invest has increased its shareholding in local brewer Pivara Tuzla [SAJ:PITZ] by 31.57% to 82.6% following a takeover bid, the Sarajevo Stock Exchange (SASE) said on Friday.
RK Invest's takeover bid, launched in August, was accepted by 14 shareholders to whom it paid 5.0 marka per share ($3/2.6 euro), the bourse said in a statement.
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The investment company had initially launched a buyout bid for the 685,876 Pivara Tuzla shares, representing a stake of 48.98%, which it did not own after it purchased a 51.02% share in the brewer in May.
Tuzla is located in the Federation - one of the two autonomous entities that form Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro=1.95583 marka)