Danko Đunić announced offer for takeover of 48.09% of stocks of Economic Institute in Belgrade for 32.3m RSD

On June 6th, businessman Danko Đunić announced the offer for takeover of 48.09% of stocks of the Economic Institute in Belgrade for 32.3m RSD, which would make him the sole owner of that institution because it already owns 51.91% of stocks.

Đunić offered 1,080 RSD per stock for 29,934 stocks of the Institute that deals with economic researches, which is also the average pondered price of these stocks in the last three months.

The offer was published in daily newspaper "Politika" and it will be open prior to June 26th.

The value of individual stock of the Economic Institute is currently 1,080 RSD, while the market value of the Institute, according to the web site of the Belgrade Stock Exchange (www.belex.co.yu), amounts to about 67.2m RSD.

Economic Institute realized profit in amount of 532,000 RSD in 2007, while the capital of the company was estimated to 39.5m RSD.

According to the data provided by the Central Securities Registry, Đunić owns 51.91% of stocks of the Economic Institute.