Croatian regulator approves PIK ESOP buyout bid for PIK Rijeka

The price set in the buyout bid is 17.92 euro per share, Hanfa said in a statement on Thursday.

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)