Wednesday, December 10, 2008

FBiH to sell 2-3% of Sipad Export-Import on bourse this month.

Source: IntelliNews - Bosnia and Herzegovina Today

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FBiH to sell 2-3% of Sipad Export-Import on bourse this month. The Federation privatisation agency APF plans to sell 2-3% stake (50,000 shares) of the 16% state-controlled stake in Sipad Export-Import Sarajevo on the Sarajevo Stock Exchange in the second half of December. The shares will be offered at a minimum price of KM 3.11 per unit. Sipad Export-Import director Alija Dautovic said that the proceeds from the sale are aimed to secure funds for settling payments on a company loan, the first KM 2.5mn of which is due in January. The privatisation agency explained that the price was lowered with the aim to try the interest in the shares as long as there is not active trading with the issue.

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FBiH to sell 2-3% of Sipad Export-Import on bourse this month.

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