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BELGRADE (Serbia), March 23 (SeeNews) - Serbian dairy group Sremska Mlekara said on Friday it launched a buyout bid for the 42.07% stake it does not yet own in local tobacco company Duvanska Industrija Bujanovac (DIB).
Sremska Mlekara is offering to pay the equivalent of 34.9 euro ($43.1) in Serbian dinars per each of the 14,274 shares it does not own in DIB, the dairy group said in a filing to the Belgrade Stock Exchange.
The takeover offer is valid until April 16, 2018.
The share price of DIB currently stands at 11,453 dinars ($119.2/96.7 euro), according to data from the Belgrade Stock Exchange. There were no deals involving the shares of the company in the last three years.
($ = 0.810013 euro)