SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Buyout bid for TPDC Sarajevo by Bosnia's Bingo attracts no interest

Dec 1, 2022, 3:56:54 PMArticle by Dragana Petrushevska
share
December 1 (SeeNews) - A buyout bid by Bosnia's largest retailer Bingo for the 56.99% stake it does not already own in local trading company TPDC Sarajevo attracted no investor interest, a bourse filing by Bosnia's Federation registry of securities showed on Thursday.

Buyout bid for TPDC Sarajevo by Bosnia's Bingo attracts no interest
Bingo

None of the remaining shareholders in TPDC Sarajevo accepted Bingo's offer to pay 27 marka ($14.4/13.8 euro) per share, which targeted 186,888 shares, according to the filing lodged with the Sarajevo Stock Exchange.

Bingo launched the buyout offer for TPDC Sarajevo in October. The retailer currently owns 141,038 shares, representing 43.0091% interest in TPDC.

TPDC's equity capital is divided into 327,926 shares of 100 marka in par value each.

Established in 1993, Bingo owns a retail chain and seven shopping centres in the country.

(1 euro = 1.95583 marka)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.