The company TAK Sarajevo wants to take over the large domestic ammunition manufacturer Pobjeda Tehnology Gorazde(PTG), reports BiznisInfo.ba.
TAK is now the owner of a minority package of shares of about 27 percent. However, this company expressed their intention and will announce an offer to take over the majority package of 72.5 percent of the shares, which would make it the sole owner of this well-known company.
The owner of TAK is Hamid Prses.
The fact that last year PTG had total revenues of about 61 million BAM, which ranks this company as one of the leaders of the dedicated industry of Bosnia and Herzegovina (BiH), speaks of how big an acquisition this is.
TAK acquired its stake in PTG at the end of last year. Then about 50 percent of the shares were sold by the company Grasso Holding from the United States (U.S.) in a deal worth about 10 million BAM.
The market value of the PTG share is around 302 BAM, and Grasso Holding also sold its shares at that exchange rate.
If that price is maintained, then it turns out that TAK would have to pay another 14.5 million BAM for the full takeover of the Gorazde company, of course, on the condition that all shareholders accept its offer, Biznis Info reports.
E.Dz.
