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Croatia's Span to raise stake in Trilix to 90%

Jul 5, 2024, 12:17:26 PMArticle by Dragana Petrushevska
share
July 5 (SeeNews) - Croatian IT company Span d.d. [ZSE:SPAN] said on Friday it has signed an agreement to acquire further 30% stake in local peer Trilix, which will raise its total shareholding interest in the company to 90%.

Croatia's Span to raise stake in Trilix to 90%
Croatia's Span. Photo by Span.

Span will acquire the 30% stake from individual shareholder Mladen Amidzic for 400,000 euro ($433,130), it said in a filing with the Zagreb stock exchange.

The remaining 10% stake is held by Trilix itself, the filing read.

"With this acquisition, Span gains significant intellectual property (IP) from Trilix products and the opportunity to offer their clients services from Span's broader portfolio," Span said.

Trilix will continue to operate as a separate entity within the Span group after the completion of the transaction.

Span's shares traded 4.72% higher at 51 euro on the Zagreb bourse by 11:00 local time on Friday.

($ = 0.924 euro)

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