Bosnian trader AS raises stake in local textile producer Napredak to 70.96%.

By bne IntelliNews June 1, 2012
Bosnian trading and transport firm AS has raised its stake in textile producer Napredak to 70.96% after purchasing a 6.13% stake on the Sarajevo Stock Exchange, brokerage house VGT Broker, which carried out the transaction, said in a bourse filing. AS bought 5,112 Napredak shares at BAM 6.1 (EUR 3) each on May 18. The remaining Napredak shares are in the hands of smaller shareholders. AS is a privately-held company based in the northern town of Jelah. Napredak is located in the nearby town of Tesanj.

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