August 31 (SeeNews) - Bosnia's real estate company Cajavec Mega [BANJ:CMEG-R-A] said that one of its shareholders, Montenegro's Otrantkomerc, which also operates in the real estate sector, plans to launch a takeover bid for the company to acquire the remaining shares it does not already own.
Otrantkomerc plans to offer 0.30 marka ($0.17/0.15 euro) per each Cajavec Mega share in the planned takeover bid, Cajavec Mega said in a bourse filing on Wednesday.
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The Montenegrin company currently owns 3,303,920 shares in Cajavec Mega, representing a 29.753878% stake.
Cajavec Mega's capital is divided into 11,104,166 shares with a par value of 1 marka each.
Its shares last traded on the Banja Luka Stock Exchange (BLSE) on May 12, when they closed flat at 0.30 marka.
(1 euro = 1.95583 marka)