British Motors eyes 100 pct stake in Globos osiguranje

Belgrade-based British Motors doo, the majority owner of Globos osiguranje, intends to complete a takeover of the Serbian insurance company, according to a takeover bid published by the Belgrade Stock Exchange.

16 Mart 2020 16:41

BELGRADE - Belgrade-based British Motors doo, the majority owner of Globos osiguranje, intends to complete a takeover of the Serbian insurance company, according to a takeover bid published by the Belgrade Stock Exchange.

For 444,872 Globos osiguranje shares, British Motors has offered 402 dinars apiece.

The bid was opened on Monday and closes on April 6.

In the document, British Motors says it aims to develop Globos osiguranje further, improve its services and make its operations more efficient in order to boost the company's profits.

(1 euro = 117.6 dinars)

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