June 9 (SeeNews) - Croatia's financial services regulator, HANFA, said it granted approval to Hungarian financial services provider Bohemian Financing to make a takeover bid for the 1.51% interest it does not already own in hotel operator Jelsa [ZSE:JLSA].
The price that the Hungarian company has promised to pay in its takeover bid for the Croatian company is 0.12 euro ($0.13) per share, HANFA said in a statement on Wednesday.
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The obligation to make the bid occurred on March 21, when Bohemian Financing acquired indirectly 81.99% interest in Jelsa.
Jelsa's equity capital of 9.8 million euro is divided into 7,462,031 shares. Out of them, 1,343,473 are listed on the Zagreb Stock Exchange (ZSE), bourse data showed. The shares have not traded on the ZSE since May 5, 2008.
Jelsa said last month that its shareholders will vote on June 21 on a proposal to delist the shares from the ZSE.
($ = 0.929 euro)