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Sep 27, 2007 17:56 EEST
September 27 (SeeNews) - Shares in Slovenian blue-chip energy-to-tourism holding group Istrabenz rose almost two percent on Thursday, extending the gains they have been making since the company became a takeover target for local fuel trader Petrol two weeks ago, brokers said.
Istrabenz rose by 1.88% to 143.93 euro ($203.7) on Thursday. On September 14, blue-chip Petrol unveiled plans to place a takeover bid for Istrabenz within 30 days. Istrabenz has gained 13.23% since September 14.
“There is speculation how much Petrol will offer per Istrabenz share. [...] Petrol will announce the price soon,” Tim Umberger, a broker with financial company KD Group, told SeeNews.
Petrol lost 0.17% to 990.56 euro on Thursday.
($ = 0.71 euro)
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