Cyprus-based Altaria Research Limited Launches Buyout Bid for Serbian Power Trading Unit

Altaria offers to pay 540 dinars ($8.6/5.8 euro) for each of the 38,595 stocks it wants to buy from October 30 until November 19, it said in a filing to Serbia’s Central Securities Depository and Clearing House.

Rudnap Group stock last traded on the Belgrade bourse on October 21, closing flat at 428 dinars in a volume of just nine shares.

Altaria said it owns 100% of Rudnap’s units based in Austria, Hungary, Macedonia, Croatia and 99% of Romania’s Rudnap SRL.

($=93.5053 euro)