February 6 (SeeNews) - Nebojsa Antonijevic, majority owner of Bosnian property management firm Dubicki Robni Magazin [BANJ:DBRM-L2], has reached 100% ownership of the company after completing a squeeze-out of minority shareholders, the central registry of securities said.
The central registry of securities registered Antonijevic's acquisition of the stake he did not already own in Dubicki Robni Magazin on February 2, the central registry of securities of the Serb Republic said on Friday.
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Antonijevic acquired the shares of minority shareholders holding a 7.34% stake combined at 0.50 marka ($0.28/0.26 euro) apiece.
Antonijevic increased his shareholding interest in the company to 90.52% from 41.19% following a tender offer in September. He further raised his stake to 92.66% after buying a 2.1% stake from an undisclosed investor in November.
Dubicki Robni Magazin's equity capital of 1.8 million marka is divided into 1,834,061 shares of 1 marka in par value each. The shares last traded on the Banja Luka Stock Exchange on October 28, closing flat at 0.50 marka.
The Serb Republic is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation.
(1 euro = 1.95583 marka)