Bosnia's Zvornik city launches buyout bid for Zvornik - Stan

Zvornik city is offering 0.2135 marka ($0.12/0.11 euro) per each Zvornik - Stan share in the buyout bid, it said in a bourse filing.

The city currently owns a 69.56% stake in Zvornik - Stan.

The buyout offer is valid for 30 days from the announcement date.

The capital of Zvornik - Stan amounts to 1.6 million marka, divided into 1,603,088 ordinary shares with a nominal value of 1 marka each.

Its shares last traded on the Banja Luka bourse on December 28, when they closed 114.29% higher at 0.15 marka.

(1 euro = 1.956 marka)