June 6 (SeeNews) - Croatian electrical equipment manufacturer Koncar Elektroindustrija [ZSE:KOEI] said its wholly-owned investment unit on Thursday completed the process of acquiring the remaining ownership interest in local consultancy company Napredna Energetska Rjesenja (Advanced Energy Solutions), which owns a majority stake in power transmission equipment manufacturer Dalekovod [ZSE:DLKV].
"With the acquisition of the remaining ownership interest, Koncar - Investments has become the sole owner of the company," Koncar said in a filing to the Zagreb bourse. It did not disclose further details about the deal.
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Napredna Energetska Rjesenja holds a 75.16% stake in Dalekovod.
According to date from the court registry, Napredna Energetska Rjesenja was set up in 2021 by Koncar – Investments (Koncar -Ulaganja) and Maltese company Construction Line.
Shares of Koncar traded 2.40% higher at 256 euro ($278) by 1424 local time on the Zagreb bourse.
Dalekovod shares were trading 1.46% higher at 2.78 euro by the same time.
($ = 0.918 euro)