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Serbia's Sremska Mlekara cuts stake in tobacco firm DIB to 54.9%

Author Radomir Ralev
Serbia's Sremska Mlekara cuts stake in tobacco firm DIB to 54.9% Source: Pixabay

BELGRADE (Serbia), June 19 (SeeNews) - Serbian dairy group Sremska Mlekara has reduced its stake in the capital of tobacco company Duvanska Industrija Bujanovac (DIB) [BEL:DIBB] to 54.9% from 97.4%, DIB said. 

Sremska Mlekara cut the number of DIB shares it owns to 32,378 from 57,415 on June 18, the tobacco company said in a filing with the Belgrade Stock Exchange on Tuesday. 

In April 2018, Sremska Mlekara lifted its stake in DIB capital to 95.4% from 57.9% after completing a buyout bid for the tobacco company. 

The share price of DIB currently stands at 11,453 dinars ($119.2/96.7 euro), according to data from the Belgrade Stock Exchange. There were no deals involving the shares of the company in the last three years.

(1 euro = 118.125 dinars)

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