28
Thu, Mar
72 New Articles

Sajic Converts Joint Stock Company From Open to Closed

Sajic Converts Joint Stock Company From Open to Closed

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Sajic is reporting that it conducted the process of converting the open joint stock company Fabrika duvana a.d. Banja Luka to a closed joint stock company, now owned by Bulgartabac Holding AD Sofia, Bulgaria.

According to Sajic, “after submitting the application and undertaking numerous legal actions the Commission for Securities has issued a resolution approving the conversion of the company into a closed joint stock company.” The firm reports that it "represented the client in a very complex process which finally resulted in the delisting of shares of Fabrika duvana a.d. Banja Luka from the Banja Luka Stock Exchange, so Fabrika duvana a.d. Banja Luka continued to operate as a closed joint stock company."

The Sajic team consisted of Aleksandar Sajic and Tijana Milacic.

Our Latest Issue