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Bosnia's Rogatica municipality boosts stake in waste management co Komrad

Bosnia's Rogatica municipality boosts stake in waste management co Komrad maxuser/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), September 22 (SeeNews) - The municipality of Rogatica, in Bosnia's Serb Republic, increased its stake in local waste management company JP Komrad [BANJ:KOMR-R-A] to 95.25% from 78% as part of a buyout bid, Komrad said in a bourse filing on Wednesday.

Following the buyout offer, the municipality of Rogatica owns 129,715 Komrad shares, the target company said in a bourse filing.

Komrad's share capital is divided into 136,181 ordinary shares, each with a par value of 1 marka ($0.6/0.5 euro).

The municipality of Rogatica launched on August 16 a buyout bid for the Komrad shares it does not already own, offering 1.0102 marka per share, an earlier filing showed.

Komrad's shares last traded on the Banja Luka Stock Exchange on July 8, closing flat at 0.351 marka.

The Serb Republic is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation.

(1 euro = 1.95583 marka)

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