February 21 (SeeNews) - Mehmed Cebic, majority shareholder of Bosnia’s electrical equipment maker Elektroremont [SAJ:ELRMRK3], said on Wednesday he has raised his stake in the company to 77.7% from 75.96% after a buyout bid.
Cebic's buyout bid was accepted by four shareholders of Elektroremont holding a combined 1.8% stake in the company, Cebic said in a bourse filing.
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Cebic offered 4.87 marka ($2.7/2.5 euro) per share in the buyout bid launched in January.
Elektroremont's capital is divided into 45,125 shares with a par value of 49 marka each.
Elektroremont is active in the repair, maintenance, manufacture and installation of electrical equipment and devices. Its shares last traded on SASE on November 16, closing 49.85% higher at 4.87 marka.
(1 euro = 1.956 marka)