January 25 (SeeNews) - Bosnian closed-end investment fund ZIF Bonus has decreased its stake in local arms manufacturer Igman Konjic [SAJ:IGKC] to 9.07% from 10.27%, Igman said on Wednesday.
ZIF Bonus sold 6,960 shares of Igman in transactions carried out from January 16 to January 18, Igman said in a bourse filing.
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ZIF Bonus holds 52,506 Igman shares after the transaction.
Bosnia's Federation government owns a 51% stake in Igman. The next largest shareholder is the local branch of Raiffeisen Bank, with a 33.2% stake, while the remainder is controlled by investment funds and individual shareholders.
Igman's shares last traded on the SASE on January 18, when they closed flat at 160 marka ($88.9/81.8 euro), bourse data showed.
The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other is the Serb Republic.
(1 euro = 1.95583 marka)