November 10 (SeeNews) - Croatian tourism and real estate company Pervanovo said it holds 98.96% of the capital of wood processing company Spacva [ZSE:SPVA] following a takeover bid in which it bought 15,028 shares representing a stake of 0.28% of Spacva's equity capital.
A total of 69 of Spacva shareholders accepted the offer, Pervanovo said in a filing to the Zagreb bourse on Monday.
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In September, Pervanovo offered 50.80 kuna ($7.9/6.8 euro) per Spacva share to minority shareholders, targeting 69,841 shares in Spacva, or 1.32% interest that it did not already own back then.
Spacva holds 2,735 own shares, representing 0.05% of its share capital. Spacva's equity capital of 105.5 million kuna is divided into 5,276,522 ordinary shares of 20 kuna in par value each.
Spacva's shares last traded on the Zagreb Stock Exchange on Tuesday, when they closed 51.52% higher at 100 kuna as four shares changed hands, bourse data showed.
(1 euro=7.515 Croatian kuna)