Majority shareholder raises stake in Bosnia's Elektroremont

Cebic's buyout bid was accepted by four shareholders of Elektroremont holding a combined 1.8% stake in the company, Cebic said in a bourse filing.

Cebic offered 4.87 marka ($2.7/2.5 euro) per share in the buyout bid launched in January.

Elektroremont's capital is divided into 45,125 shares with a par value of 49 marka each.

Elektroremont is active in the repair, maintenance, manufacture and installation of electrical equipment and devices. Its shares last traded on SASE on November 16, closing 49.85% higher at 4.87 marka.

(1 euro = 1.956 marka)