Croatia's Hanfa gives approval to Solist, 7M to acquire 80% of Prosperus-Invest

The regulator allowed Solist and 7M to directly acquire qualifying holdings in Prosperus-Invest, reaching respectively 35% and 45% of the voting rights of the company, Hanfa said in two separate decisions on Wednesday.

According to data of the court register of Croatian companies, Solist is owned by Luka Oreskovic and 7M is owned by Josko Milisa - two of the three owners of Prosperus-Invest. The third shareholder is Tomislav Ticic.

The proposed acquisitions have to be carried out within nine months as of the day of receiving the decisions, Hanfa added.

Prosperus-Invest has 150 million euro ($147 million) worth of assets under management, according to its website. Since 2010, when it was set up, Prosperus has focused on hospitality, manufacturing and infrastructure, and renewable energy businesses while taking a more ‘hands-on management’ approach to manage and drive value within portfolio companies.

($ = 1.021 euro)