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Biggest shareholder of Bosnia's Posavina grows stake to 76.4%

Biggest shareholder of Bosnia's Posavina grows stake to 76.4% Bosnian marka Source: www.vladars.net

SARAJEVO (Bosnia and Herzegovina), June 17 (SeeNews) - Slobodan Dzukic, the largest shareholder of Bosnian real estate company Posavina Srbac [BANJ:PSVN-R-A], said on Friday he has increased its shareholding interest in the company to 76.3681% from 29.695763% following a tender offer.

Shareholders of Posavina holding 1,616,991 shares among themselves have accepted Dzukic's offer, the bidder said in a bourse filing.

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Dzukic offered to pay 0.56 marka ($0.30/0.29 euro) per share in the buyout bid launched in early May.

Posavina's share capital of 3.46 million marka is divided into 3,464,565 shares of 1 marka in par value each.

Posavina's shares last traded on the Banja Luka Stock Exchange (BLSE) on December 24, closing 5.71% higher at 0.37 marka.

(1 euro = 1.95583 marka)

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