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UPDATE 1 - Bosnia's Herbos Fond reschedules sale of Unis stake to Jan 20

Author Iskra Pavlova
UPDATE 1 - Bosnia's Herbos Fond reschedules sale of Unis stake to Jan 20 Bosnia's Sarajevo Stock Exchange, SASE, Photo:

SARAJEVO (Bosnia and Herzegovina), January 17 (SeeNews) - Bosnian closed-end investment fund Herbos Fond has postponed the planned sale of its 6.57% stake in local metal processing company Unis [SASE:UMISRK2] to January 20, the Sarajevo Stock Exchange (SASE) said.

Originally, the sale was due to take place at an extraordinary auction on SASE on January 17.

Herbos is offering for sale 168,960 Unis shares at 6.05 marka ($3.4/3.1 euro) apiece, SASE said in a statement on Friday, without providing an explanation for the change.

This will be Herbos's second attempt to sell its holdings in Unis, after its first attempt to auction the Unis shares at 6.50 marka each on January 15 failed to draw any buyers.

Unis's capital is divided into 2.57 million shares of 10.70 marka in par value each.

Mostar-based Herbos Fond is the second largest Unis shareholder. Local individual Behada Gradascevic controls 90.73% of Sarajevo-based Unis, while the remainder is owned by smaller shareholders, bourse data showed on January 16.

Unis' shares last traded on the SASE on October 31, closing 50% lower at 2.01 marka.

(1 euro = 1.95583 marka)