BANJA LUKA (Bosnia and Herzegovina), February 17 (SeeNews) – Cayman islands-registered Altima Global Special Situations Fund placed a takeover bid for the 11.53% of Bosnian brewer Banjalucka Pivara [BANJ:BLPV-R-A] it does not already own, a brokerage agency in charge of the transaction said on Monday.
Altima Global Special Situations Fund, which is acting in concert with Altima UK Value Investments, also registered on the Cayman islands, is obliged to pay a minimum price of 1.0 marka ($0.7/0.5 euro) per stock for the remaining 2,395,233 shares of Banjalucka Pivara, Advantis Broker said in a filing with the Banja Luka Stock Exchange.
You can subscribe to our M&A newsletter here
Altima Global Special Situations Fund now owns 18,379,955 Banjalucka Pivara ordinary shares, equal to a stake of 88.47%, while Altima UK Value Investments owns 1,524,812, or 100% of the brewer’s preferred shares.
The bid is valid 30 days as of the day of the announcement.
Banjalucka Pivara is based in the Serb Republic, one of the two entities that form Bosnia and Herzegovina. The other is the Muslim-Croat Federation.
(1 euro=1.95583 Bosnian marka)