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Bosnia's RK Invest launches buyout bid for brewer Pivara Tuzla

Bosnia's RK Invest launches buyout bid for brewer Pivara Tuzla Sidarta/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), August 23 (SeeNews) - Bosnian company RK Invest has launched a buyout bid for the 48.98% stake in local brewer Pivara Tuzla [SAJ:PITZ] it does not already own, the Sarajevo Stock Exchange (SASE) said.

RK Invest is offering to purchase a total of 685,876 Pivara Tuzla shares at 5.0 marka ($0.8/0.7 euro) apiece, the bourse said in a notice late on Tuesday.

RK Invest purchased a 51.02% stake in Pivara Tuzla in May and is obliged to launch a buyout bid for the remainder.

The share offer will be valid for 28 days.

According to the latest available data of SASE, local brewer Sarajevska Pivara owns 18.9% of Pivara Tuzla.

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)

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