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Dec 11, 2009 17:10 EEST
December 11 (SeeNews) - Croatia's financial watchdog HANFA has given the green light to London-based Carlson Private Equity Limited to buy out the 4.14% equity in Croatian steel mill Zeljezara Split it does not own yet, Croatian media reported on Friday.
The bidder has pledged to pay 0.01 Croatian kuna per share, and the biggest price at which the bidder acquired 223,060 of voting shares in Zeljezara Split over the last year is 1.0 euro ($1.5), business news portal Limun (www.limun.hr) reported.
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Carlson Private Equity Limited submitted a request for approval of its buyout bid on October 12, and it amended the request on December 2. Carlson was obliged to make the buyout offer after it acquired 95.86% of Zeljezara Split’s equity from Polish privately-held steel producer and distributor Zlomrex.
(1 euro = 7.2811 Croatian kuna)
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