A consortium comprising Slovenian alumina and zeolite producer Silkem Plus and two Hungarian holding companies, Aela and Atesz, has launched a joint tender offer to acquire the remaining shares in Bosnian bauxite miner Rudnici Boksita Jajce that they do not already own.
The consortium announced the offer in a filing to the Sarajevo Stock Exchange on Wednesday, pricing the bid at 51.41 convertible marks ($30.80) per share. The offer will remain open for 28 days.
The three companies collectively hold a controlling stake of 67.63% in Rudnici Boksita Jajce, split between Silkem Plus at 30.65%, Aela at 20.43% and Atesz at 16.55%. The takeover bid targets the remaining 32.37% of the company’s equity. Rudnici Boksita Jajce has 186,321 shares in issue, each with a nominal value of 27 marks. The company’s shares have not traded on the Sarajevo bourse in the past year.
