March 14 (SeeNews) - Croatian shipping company Tankerska Plovidba launched a takeover bid for the 60.66% interest it does not already own in hotel owner Turisthotel [ZSE:TUHO] at a price of 610.53 euro ($655) per share, the law firm representing the company in the planned transaction said.
The bid is valid in the next 28 days, law firm Mamic, Peric, Reberski, Rimac said in a statement filed to the Zagreb bourse on Monday afternoon.
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Tankerska Plovidba has been obliged to make the takeover bid since January 18 when it acquired more than 53,000 ordinary shares, representing a stake of 14.61%, from minority shareholders.
After the transaction, it owns 39.34% shareholding interest in Turisthotel.
Turisthotel's equity capital of 28.2 million euro ($30.5 million) is divided into 366,756 shares with a par value of 76.98 euro each.
They changed hands flat at 600 euro on Tuesday intraday on the Zagreb bourse, where it was the most traded stock.
($ = 0.932 euro)