Bosnian building companies Integra and Integral Inzenjering have placed a takeover bid for the remaining 37,968 shares they do not already own in domestic road construction firm Tuzla Putevi for a total of 1.0 mln Bosnian marka ($772,000/511,000 euro), media reports showed.
Tuzla Putevi’s total shares amount to 68,827 with 40 Bosnian marka ($30.9/20.4 euro) face value each. At present, Integra owns 20,150 shares, or a 29.27 pct stake, while Integral Inzenjering controls 10,709 shares, equal to a 15.55 pct stake.
The bidders offer buy price of 28 marka ($21.6/14.3 euro), or 70 pct of the nominal value of the shares.
The bid will be effective by March 26, 2008. Brokers Sarajevo is managing the takeover bid.
[Editor’s note: Integral Inzenjering has recently launched a buyout bid for local peer Jedinstvo GP, in which it is the largest single shareholder with a stake of 44.81 pct, as SeeNews agency has reported.
Integral Inzenjering is one of the largest construction companies in Bosnia’s Serb Republic, one of the two autonomous parts forming war-divided Bosnia.
Banja Luka-based Integra is the second largest shareholder in Jedinstvo.
Privately held Integral Inzenjering is based in Laktasi, not far away from Gradiska and the Serb Republic’s administrative centre of Banja Luka.]
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