N. Macedonia's Orka Holding gets antitrust nod for Zito Polog takeover bid

Orka Holding will offer 2,266 denars ($36.9/36.8 euro) per share in the offer, targeting 27,596 shares it does not already own in Zito Polog, the SEC said in a notice.

The targeted shares represent a 49.3% stake in the company. Zito Polog's share capital is divided into 55,997 shares with a par value of 51.13 euro each.

Zito Polog shares last traded at an average price of 2,266 denars on the stock exchange in Skopje on June 6.

Skopje-based Orka Holding was established in 1990. The group has over 20 companies with more than 1,800 employees.

(1 euro = 61.63 denars)