January 10 (SeeNews) - Slovenian skiing footwear producer and retailer Alpina said on Wednesday it raised its stake in its Bosnian subsidiary, Alpina FOGS, to 97.51% from 96.56% following a buyout bid.
Alpina's buyout bid was accepted by 19 shareholders of Alpina FOGS holding a combined 0.95% stake in the company, Alpina said in a bourse filing.
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Alpina offered 2.90 marka ($1.6/1.5 euro) per share in the buyout bid launched on December 1.
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 = 1.956 marka)