Croatia – HANFA Order on Takeover Bid

Croatia – HANFA Order on Takeover Bid

On 12 January 2024, CRO HANFA issued notice for shareholders of PIK from Rijeka.

  • CRO HANFA informed the public that PIK-ESOP d.o.o. has submitted a new request for approval to publish a bid for the takeover of PIK dd since the first one was rejected.
  • The price per share in the first takeover offer was for all remaining shareholders as much as 2.8 times lower than the minimum price set by CRO HANFA in line with law.
  • A new procedure has been opened, and after its completion it will be published online.
  • Although at this moment there is no information on the outcome of the solution or the offered price per share, this announcement is of interest to all other PIK shareholders.
  • PIK no longer has securities listed on the regulated market and therefore no obligation to publish the aforementioned information on the pages of the Zagreb Stock Exchange.