Carlson Private Equity Gets Regulatory Nod To Buy out Minorities in Croatian Seeel Mill Zeljezara Split - Media

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.

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)