Serbia's Invej launches buyout bid for local alcohol producer Rubin.

By bne IntelliNews November 22, 2011
Serbian holding company Invej said it has launched a buyout bid for the remaining 0.57% of local alcohol producer Rubin it does not yet own. Invej targets buying 735 Rubin shares and offers to pay RSD 31,680 (EUR 305) apiece, the company said in a filing to the Central Securities Depository and Clearing House. The bid is open between November 21 and December 12. Invej's current 99.43% stake in Rubin is divided into 128,437 shares. Invej is active in foreign and domestic trade, tourism and services. Apart from Rubin, it holds majority stakes in edible oil maker Vital and household appliances maker Milan Blagojevic, among others.

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