Geo-projekt Sm Doo Za Geodeziju I In?enjering Sremska Mitrovica said it is launching a bid to acquire the remaining stake of 8.15% in local trading company Tehnohemija a.d. (BELEX:THHM) it does not already own. Geo-Projekt SM is offering to pay RSD 2,487 (USD 23/EUR 21) per each of the 2,779 Tehnohemija shares held by minority shareholders, the company said in a filing to the Belgrade bourse on May 27. The takeoverbid is open between May 28 and June 17, it added.

Tehnohemija's total equity is divided into 34,110 shares of 1,000 dinars in nominal value each. They did not trade on the Belgrade bourse in the past year.