March 10 (SeeNews) - Croatian tobacco-to-tourism conglomerate Adris Grupa [ZSE:ADRS-R-A] said on Monday it will launch a takeover bid for local insurer Croatia Osiguranje [ZSE:CROS-R-A].
The offer will be published within the law-prescribed timeframe, Adris Grupa said in a filing to the Zagreb bourse.
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Adris Grupa signed on March 6 a contract with the Croatian government to acquire 39.05% of the insurer in which it currently owns 6.13%.
Croatia Osiguranje d.d. is among the biggest insurers in SEE. You can download our SEE Top 100 ranking
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