Slovenian company “Novoline” rounds its ownership in “Transped”

Slovenian company “Novoline”, which is the owner of 94,49% of “Transped”, announced its offer for taking over of the remaining 5,5% of this Belgrade based company for international shipping and transportation.

“Novoline” wishes to take over 7.045 shares of “Transped” and it is ready to pay 901 RSD per share. The offer will stay opened until September, 7th.

Nominal value of the regular “Transped” share is 3.000 RSD, and the average price according last three months activities is 900,01 RSD, as it stands in the offer published on Belgrade stock exchange site.

The bidder has no intentions of changing company’s activities and it is in plan to develop “Transped” by expanding market participation in Serbia and the number of clients, as well as improvement of service quality.

“Transped” shares appeared on the Belgrade stock exchange at the beginning of June, 2004. Presently the share costs 900 RSD, which is the least amount compared to the last 12 months and the maximum of 2.050 RSD in October of the last year.