The Management Board and the Supervisory Board of the Mlinpek company Bugojno gave a positive opinion on the offer for the takeover of this company by the investor – the company A-BEST from Travnik. Their opinion, of course, is not binding for the shareholders, each of whom will decide independently whether they want to sell their shares.
To recall, the company A-BEST d.o.o. Travnik announced an offer to take over the company Mlinpek d.d. Bugojno. A-BEST is now the minority owner of the company from Bugojno after acquiring 41.7 percent of the shares. The takeover offer refers to the remaining 58.2 percent of the shares.
Mlinpek, a company for the production of mill products, last year had revenues of over 25 million BAM and a profit of 1.8 million BAM, according to the recently published financial report.
The takeover offer refers to 255,234 ordinary shares, which are not owned by the bidder. The offered price per share is 1.56 BAM, which represents 9.75 percent of the nominal value of the shares.
This means that, if all shareholders accepted the offers, for a package of more than 58 percent of the shares, the bidder would pay 398 thousand BAM, and thus become the 100 percent owner.
It is important to note that the owner of the company A-BEST is Stipo Francic. Francic is also the owner of UTD BEST, one of the largest trading companies in Bosnia and Herzegovina (BiH)with 60 stores across the country, Biznis Info reports.
E.Dz.
