By Staff writer
Unit of Zeraa Investment reportedly buys 94.8% stake in Bosnia's Hepok Winery
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.