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Turkey's Kirlioglu plans to squeeze out minorities at Bosnia's Pobjeda Rudet

Turkey's Kirlioglu plans to squeeze out minorities at Bosnia's Pobjeda Rudet Photo: Ljubljana Stock Exchange / All rights reserved.

SARAJEVO (Bosnia and Herzegovina), September 22 (SeeNews) - Turkish explosives producer Kirlioglu Kimya Sanayi Ve Ticaret Anonim Sirketi intends to launch a buyout bid for the shares it does not already own in Bosnia's detonators manufacturer Pobjeda Rudet Gorazde, Pobjeda said on Wednesday.

The Turkish company, which already owns 99.6784% of Pobjeda's shares, intends to launch a buyout bid for the remaining 0.3216% stake in the Bosnian company, Pobjeda said in a bourse filing.

The company did not say when the buyout bid will be launched.

Pobjeda Rudet manufactures electric detonators and detonating cords, among other products.

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