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Tue 30 Aug 2016 01:30 PM

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Dubai firm Zeraa said to invest in Bosnian winery

Unit of Zeraa Investment reportedly buys 94.8% stake in Bosnia's Hepok Winery

Dubai firm Zeraa said to invest in Bosnian winery
(Getty Images)

A unit of Dubai-based Zeraa Investment has reportedly bought a significant majority share in Bosnia's Hepok Winery.

A consortium of Serbia’s Vino Zupa and Bosnia's trading and services company Amko Komerc sold their combined 94.8 percent stake to Zeraa Agriculture Investment for 4.3 million marka ($2.5 million), Sarajevo bourse data showed.

The consortium sold their combined 2,255,184 shares in Mostar-based Hepok, it was reported.

The Bosnian-Serbian consortium privatised Hepok in 2008 for a total of 2.7 million marka and pledged to invest a further 21.6 million marka in relaunching production.

Mostar is based in the Muslim-Croat Federation, one of the two autonomous parts forming Bosnia.

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