July 19 (SeeNews) - Bosnian company RK Invest will shortly launch a buyout bid for the shares it does not already own in brewer Pivara Tuzla [SAJ:PITZ], the beer maker said on Wednesday.
RK Invest purchased a 51.02% stake in Pivara Tuzla in May and is now obliged to launch a buyout bid for the remainder, the brewer said in a Sarajevo bourse filing.
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According to latest available data on the Sarajevo bourse, 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.