Bosnian bank ASA Banka Nasa i Snazna launches tender offer for Bamcard

SARAJEVO (Bosnia and Herzegovina), October 25 (SeeNews) – Bosnian lender ASA Banka Nasa i Snazna has announced that it has launched a takeover bid on local clearing house Bamcard [SAJ:BMCDRK2]targeting stocks representing a 70.3575% stake.

ASA Banka Nasa i Snazna is offering 155.20 marka (78.3/79.4 euros) per Bamcard share in the tender offer, the offeror said in a filing with the Sarajevo Stock Exchange on Friday. (SASE).

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The offer is open for a period of 28 days.

In the offer, ASA Banka Nasa i Snazna acts together with its owner, local ASA Banka. The shares that will be acquired under the takeover bid will be held by ASA Banka Nasa i Snazna.

Currently, ASA Banka Nasa i Snazna holds 8,870 shares, representing a 20.0312% stake in Bamcard, while ASA Banka holds 4,256 shares, representing a 9.6113% stake.

Bamcard’s share capital of 2.4 million marks is divided into 44,284 shares, each with a nominal value of 55 marks.

Bamcard shares last traded on SASE on August 26, when they closed down 0.13% at 155 marka.

ASA Banka Nasa i Snazna bought its stake in Bamcard from ZiraatBank BH, a unit of Turkish lender Ziraat Bankasi, in late August for 1.37 million marka, according to earlier data from the Sarajevo Stock Exchange.

ASA Banka Nasa i Snazna operated as Sberbank BH until March. ASA Banka acquired it from Austria-based Sberbank Europe, controlled by Russian Sberbank, for an undisclosed amount, and renamed it ASA Banka Nasa i Snazna.

(1 euro = 1.95583 marks)

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