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Serbia's Srboeksport to squeeze out minority owners in Bora Kecic ATP

Author Radomir Ralev
Serbia's Srboeksport to squeeze out minority owners in Bora Kecic ATP Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

BELGRADE (Serbia), October 18 (SeeNews) - Serbian welding accessories trader Srboeksport plans to launch a squeeze-out of the 23,963 shares in the capital of Belgrade-based transport firm Bora Kecic ATP [BEL:BRKC] it does not own yet, Srboeksport said.

Srboeksport intends to acquire shares equal to a 10.2% stake in the capital of Bora Kecic ATP, the company said in a filing with the Belgrade Stock Exchange on Thursday.

The company plans to apply for the transaction with Serbia's securities commission in a period of 15 days following the announcement of its intentions, it said.

Bora Kecic ATP's shares last traded on October 14, when they closed flat at 290 dinars ($2.7/2.5 euro), according to data from the Belgrade Stock Exchange.

(1 euro = 117.615 dinars)

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