September 30 (SeeNews) - Croatian juice producer Stanic Beverages said on Thursday it will make a buyout offer to minority shareholders of beverages producer Maraska [ZSE:MRSK] for the remaining 1.755% interest in Maraska that it does not already own.
Stanic Beverages has become obliged to make the tender offer following the acquisition of a 98.245% stake in Maraska earlier this month, the company said in a filing to the Zagreb bourse.
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On September 16, Stanic Beverages signed a deal to buy 647,262 ordinary shares in Maraska, equal to 45.345% of its share capital, with local wafers and biscuits maker Koestlin [ZSE:KOES], as well as a deal to buy 755,165 ordinary shares in Maraska, or 52.90% of its capital, with detergent and cosmetics producer Saponia [ZSE:SAPN].
The value of the transactions was not disclosed. Both sellers have said the deals should be completed before January 31 next year.
Maraska has a registered capital of 99.9 million kuna ($15.4 million/13.3 million euro) distributed in 1,427,405 shares with a face value of 70 kuna each.
Maraska's shares last traded on the Zagreb bourse on June 21, ending flat at 70 kuna.
Saponia's shares traded at 795 kuna intraday on Thursday, unchanged from the previous closing price, while Koestlin's shares last traded on September 16 when they surged 6.12% to 520 kuna.
(1 euro = 7.490 kuna)