Turkish groups acquire stake in Sarajevo bourse
The Istanbul Stock Exchange, Takasbank and Turkish central securities depository have each acquired 5-percent stakes in the Sarajevo Stock Exchange (SASE), the SASE said on Tuesday.
The SASE said a depositor bank has informed the bourse and the securities commission of Bosnia's Muslim-Croat federation that the Turkish groups have successfuly made a cash deposit for the purchase of a total of 924 SASE shares.
SASE, owned by Bosnian brokerages, sold 924 shares at 455 Bosnian marka ($332) per share in the closed auction that started on April 20, through which ISE, Takasbank and the central securities depository acquired 308 shares each.
The bourse had earlier said the acquisition would boost its capital to 2.8 million marka and send a good signal to investors.
SASE is one of Bosnia's two bourses and is based in the Muslim-Croat federation. Banja Luka Stock Exchange (BLSE) is based in the Serb Republic. Both bourses have seen sharp falls in trade in recent years as Bosnia has been hit by the global economic crisis.
SASE, owned by Bosnian brokerages, sold 924 shares at 455 Bosnian marka ($332) per share in the closed auction that started on April 20, through which ISE, Takasbank and the central securities depository acquired 308 shares each.
The bourse had earlier said the acquisition would boost its capital to 2.8 million marka and send a good signal to investors.
SASE is one of Bosnia's two bourses and is based in the Muslim-Croat federation. Banja Luka Stock Exchange (BLSE) is based in the Serb Republic. Both bourses have seen sharp falls in trade in recent years as Bosnia has been hit by the global economic crisis.
Last Update: June 02, 2011 12:01