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Croatia’s Granolio cleared to buy Zito’s milling business

Jun 25, 2024, 5:19:42 PMArticle by Annie Tsoneva
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June 25 (SeeNews) - Croatia's food producer Granolio Group [ZSE:GRNL] said it has received approval from local competition regulator AZTN to acquire the milling business of local peer Zito.

Croatia’s Granolio cleared to buy Zito’s milling business
S_Photo/Shutterstock.com

Following the approval, the deal signed on March 22 between Granolio and Zito becomes legally effective, Granolio said on Monday in a filing to the Zagreb bourse.

Financial details were not disclosed.

Granolio’s shares last traded on June 19, ending 8.16% higher at 7.95 euro ($8.50).

($ = 0.935 euro)

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