September 13 (SeeNews) - Nebojsa Antonijevic, the largest shareholder of Bosnia's property management firm Dubicki Robni Magazin [BANJ:DBRM-L2], said on Tuesday it has launched a buyout bid to buy all the shares in the company he does not already own.
Antonijevic is offering 0.50 marka ($0.26/0.26 euro) per share in the buyout bid, he said in a filing to the Banja Luka Stock Exchange (BLSE).
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The offer is valid for 30 days from the announcement date.
Dubicki Robni Magazin's share capital of 1.8 million marka is divided into 1,834,061 shares of 1 marka in par value each. Antonijevic currently holds 755,449 shares, representing a 41.18996% stake in the company.
The securities commission of the Serb Republic cleared the planned buyout bid for Dubicki Robni Magazin by Antonijevic last week, the company said.
Dubicki Robni Magazin's shares last traded on the BLSE on August 29, closing flat at 0.50 marka.
The Serb Republic is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation.
(1 euro = 1.95583 marka)