N. Macedonia's Oilko KDA slightly raises stake in Makpetrol

A total of 63 Makpetrol shareholders controlling 2.01% interest among themselves accepted Oilko KDA's takeover offer, the bidder said in a bourse filing.

Oilko KDA in February launched a takeover offer to buy 72,644 shares in Makpetrol which it did not already own, proposing to pay 67,001 denars ($1,175/1,089 euro) per share. The targeted shares represented a 64.64% stake in the company.

Makpetrol's shares last traded at an average price of 68,000 denars on the Macedonian Stock Exchange on Thursday, latest bourse data showed.

Oilko's shares have not changed hands in regular trading on the MSE in the past year.

(1 euro = 61.53 denars)