February 5 (SeeNews) - Croatia's financial regulator, Hanfa, said it has approved an application for a buyout bid for food producer and retailer PIK Rijeka submitted by its main shareholder PIK ESOP for the remaining 143,233 shares it does not already own in the company.
The price set in the buyout bid is 17.92 euro per share, Hanfa said in a statement on Thursday.
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PIK Rijeka's equity capital totals 81.7 million kuna ($12 million/11 million euro), distributed in 202,080 shares without a set nominal value per share, according to the company's website.
PIK ESOP holds 58,300 shares in PIK Rijeka, equal to a 28.85% stake, according to data of the central depository agency.
In April 2022, Hanfa rejected a bid by PIK ESOP to take over the rest of PIK Rijeka as the price that it had offered was 2.8 times lower than the law-prescribed minimum of 17.9 euro per share.
($ = 0.925 euro)