World Banks IFC sells out stake in Bosnian drug firm Bosnalijek bourse data.

By bne IntelliNews September 24, 2012
The World Banks private sector arm the IFC, has evidently sold out its 8.37% stake in Bosnias leading drug maker Bosnalijek in a number of transactions over the past two weeks as Sarajevo bourse data on Sept 21 indicate it is no longer in the companys shareholders list. Sept 20 bourse data showed the IFC still had a 3.01% stake. The latest big trading in Bosnalijek shares took place on Friday, Sept 21, when 147,766 shares changed hands in 30 transactions for a combined BAM 1.93mn (nearly EUR 1mn) and the average stock price closed up 1% to BAM 13.13. A day earlier, on Sept 20, Bosnalijek shares worth a total of BAM 8.7mn (EUR 4.45mn) were traded within 23 transaction with the stock price jumping close to 2% to BAM 13. Apart from these two trades, there were three other ones 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 21 bourse data indicated 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%). The stake of UniCredit Bank Mostar, however, has risen to 8.37% on Sept 21 from 6.57% a day earlier, which indicates the bank is probably one of the IFCs stake buyers since its holdings in Bosnalijek stood at 5.46% in the beginning of last week. The remaining small shareholders own stakes of below 5%.
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