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Securitisation is not dead

Securitisation is not dead

By Michael Heise, chief economist Allianz Group/Dresdner Bank

Selling short

Selling short

Euromoney's coverage of past short selling regulations and questionable events is worth a look today

Tuesday, May 13, 2008

Banja Luka bourse to list first private firm Fratello Trade.





Banja Luka bourse to list first private firm Fratello Trade. Local seafood products distribution and marketing company Fratello Trade plans becoming the first private company to float shares on the Banja Luka Stock Exchange, M&A newswire DealWatch reported quoting the head of the RS bourse Milan Bozic. The official explained that Fratello Trade will raise its capital through an IPO on the bourse, which according to him marks a new stage of development of the country’s capital market. Fratello Trade is active in importing, packaging and selling frozen seafood products, being the market leader on frozen fish market in the country. The Banja Luka-based company exports its products to the Croatian, Macedonian and Serbian markets. Local businessman Mario Derajic holds a 69.9% stake in the firm, while the rest is held by a private equity fund Horizonte Bosnia and Herzegovina Enterprise Fund. The latter acquired its stake in Fratello back in 2002 through an equity investment.







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