Bosnian drug maker Bosnalijeks shares trade for EUR 4.45mn on Sept 20.

By bne IntelliNews September 21, 2012
A minority stake in Bosnias largest drug maker Bosnalijek changed hands for a total of BAM 8.7mn (EUR 4.45mn) on the Sarajevo Stock Exchange after three similar transactions in the companys though of a smaller size took place in the past eight days, bourse data showed. Although there has been no official announcement on the parties involved in the latest and in the previous three transactions, bourse data indicate that over the period the stake of World Banks IFC in Bosnalijek has decreased. IFCs holdings fell to 3.01% (according to Sept 20 bourse data) prior to the last trading from 7.48% on Sept 17 (prior to the previous trading) and from 8.73% on Sept 12 before the first of the four transactions took place. A total of 669.700 shares marked BSNLR were traded in 23 transactions on Thursday as the share price closed up 1.96% to BAM 13. In the previous three trades BAM 3.1mn worth of Bosnalijek shares changed hands on Monday, Sept 17, and last week some BAM 1.96mn of the companys shares were traded on Sept 12 and further BAM 2.64mn on Sept 14. The average share price in these three sessions was BAM 12.75mn. Sept 20 bourse data indicate no change from a week ago in the stakes in Bosnalijek held by Bosnias Federation energy ministry (19.26%) and by Libyas Economic and Social Development Fund (8.78%). UniCredit Bank Mostar comes next with a 6.57% stake and the bank could be one of the IFCs stake buyers since its holdings in Bosnalijek stood at 5.46% earlier this week. The remaining small shareholders own stakes of below 5%.

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