Adris, Koncar, Podravka boost Croatia’s share indices
Bulgaria's TPP Bobov Dol 9-mo cons net profit surges 142% y/y
Romanian stock indices start week in the green, Sphera shines
Romania eyes over 8 GW installed PV capacity by 2030 - president
Sofia bourse indices reverse losses amid soaring turnover
Sep 07, 2023 10:52 EEST
September 7 (SeeNews) - Darko Sljivar, the biggest shareholder in Bosnia's retailer Veletrgovina [BANJ:VLTG-R-A], said on Thursday that he launched an offer to acquire all the shares he does not already own in the company.
Sljivar is offering 0.50 marka ($0.27/0.26 euro) per each Veletrgovina share in the takeover bid, he said in a filing with the Banja Luka Stock Exchange (BLSE).
You can subscribe to our M&A newsletter here
The takeover is valid for 30 days from the announcement date.
The securities commission of Bosnia and Herzegovina's Serb Republic cleared the takeover offer earlier this week.
Sljivar became obliged to launch a takeover offer for Veletrgovina after raising his stake in the company to 55.895007% on August 2, according to an earlier filing by the company. He had a 29.499368% stake in Veletrgovina on July 27, earlier bourse data showed.
Veletrgovina's capital totalls 6 million marka, divided into 6,021,146 shares with a par value of 1 marka each.
The company's shares last traded on the BLSE on August 4, closing 4.77% higher at 0.461 marka.
The Serb Republic is one of two autonomous entities which form Bosnia and Herzegovina. The other one is the Federation.
(1 euro = 1.95583 marka)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options