Baumeister completes acquisition of Backaput shares

Belgrade-based road and motorway construction company Baumeister has completed an acquisition of Vojvodinaput-Backaput shares and now has a total 95.77 pct stake in the Novi Sad company, the Belgrade Stock Exchange announced Monday.

20 Jan 2020 19:19

NOVI SAD - Belgrade-based road and motorway construction company Baumeister has completed an acquisition of Vojvodinaput-Backaput shares and now has a total 95.77 pct stake in the Novi Sad company, the Belgrade Stock Exchange announced Monday.

Through a bid that closed on January 15, Baumeister has managed to acquire over 133,000 shares at a price of 100 dinars apiece.

According to the Central Securities Register, the Nis Road Company has a 4.16 pct stake in Backaput.

Baumeister was established in 2013.

(1 euro = 117.5 dinars)

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