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Dec 28, 2007 16:33 EEST
ZAGREB (Croatia), December 28 (SeeNews) – Croatian building materials producer Nexe Grupa said on Friday it has taken over 100% of Bosnian-based company Nexe Kamen from Bosnian fuel retailer Bato Petrol for an undisclosed sum.
Bato Petrol was the founder and sole owner of Nexe Kamen, Nexe Grupa told Seenews in a statement.
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Nexe Kamen owns a 24-year concession on the Lipac limestone quarry located near the town of Doboj in Bosnia's Serb Republic, Nexe Grupa said in a separate statement to the Zagreb Stock Exchange (ZSE).
The Serb Republic is one of the two autonomous parts of war-divided Bosnia, the other is the Muslim-Croat Federation.
Privately-owned Nexe Grupa (www.nexe.hr), former Nasicecement, comprises some 20 companies located in Croatia, Bosnia, Serbia and Montenegro. It is active in the production of cement, bricks, tiles, concrete and lime, construction and agriculture.
Nexe Grupa shares last traded on December 20 on the ZSE, when they ended unchanged at 4,000 kuna ($802.4/545.5 euro).
(1 euro= 7.3322 Croatian kuna)
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