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Dec 11, 2017 15:12 EEST
December 11 (SeeNews) - Croatian industrial concern Koncar plans to squeeze out the minority shareholders in its electrical switchgear manufacturing unit Koncar-Sklopna Postrojenja, the unit said on Monday.
Koncar plans to gain an additional 1,695 regular shares and 5,494 preferred shares in its unit, Koncar-Sklopna Postrojenja said in a Zagreb bourse filing.
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According to bourse data, Koncar currently controls a 97.95% shareholding interest in Koncar-Sklopna Postrojenja.
The Koncar Group is made up of Koncar Elektroindustrija as group leader and 17 units.
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