SARAJEVO (Bosnia and Herzegovina), September 5 (SeeNews) – Croatian oil and gas company INA [ZSE:INA-R-A] has offered 4.2 million marka ($2.4 million/2.1 million euro) for a 33% stake it does not already own in Bosnia's Energopetrol, data published with the Sarajevo bourse revealed on Monday.
INA has offered to pay 2.3 marka apiece for a total of 1,812,664 company shares, or 18.4% of the nominal share price of 12.5 marka, the Sarajevo Stock Exchange said.
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The tender is open for a period of 28 days.
In July, INA increased its stake in Energopetrol to 67%, after signing an acquisitions deal with Hungarian MOL which saw INA gain an additional 33.5% in the Bosnian company.
Following the transaction MOL is no longer a direct shareholder in Energopetrol. Bosnia's Muslim-Croat Federation entity holds 22% in the fuel retailer, while the remainder is in the hands of small shareholders.
Earlier this year, the Federation said it plans to sell its equity in Energopetrol in 2016.
The Federation is one of the two autonomous entities that make up Bosnia and Herzegovina. The other one is the Serb Republic.
(euro= 1.95583 Bosnian marka)