December 1 (SeeNews) - Slovenian skiing footwear producer and retailer Alpina said on Friday it has launched an offer to buy the remaining 7,022 shares, representing a 3.4% stake, it does not already own in its Bosnian subsidiary, Alpina FOGS.
Alpina is offering 2.90 marka ($1.6/1.5 euro) per each Alpina FOGS share in the buyout offer, it said in a bourse filing.
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The offer is valid for 28 days from the announcement date.
Alpina FOGS's total share capital of 592,273 marka is divided into 204,232 shares, each with a par value of 2.90 marka.
Ziri-headquartered Alpina was founded in 1947.
(1 euro = 1.95583 marka)