December 6 (SeeNews) - Croatian shipping company Tankerska Plovidba holds 97.24% of peer Tankerska Next Generation [ZSE:TPNG] following a takeover bid in which it bought 508,665 shares representing a stake of 5.82% of its equity capital, the law firm representing Tankerska Plovidba for the transaction said on Tuesday.
A total of 402 of Tankerska Next Generation's shareholders accepted the offer, the law firm Mamic, Peric, Reberski, Rimac said in a statement to the Zagreb bourse.
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In October, Tankerska Plovidba offered 78 kuna per share ($10.8/10.3 euro) per Tankerska Next Generation share to minority shareholders, targeting 749,795 shares, or 8.59%% interest that it did not already own back then.
The capital of Tankerska Next Generation totals 436.7 million kuna, distributed in 8,733,345 shares without a set par value.
Tankerska Next Generation is a member of the main equity index of the Zagreb bourse, the CROBEX.
Tankerska Next Generation's shares traded flat at 70.80 kuna intraday on Tuesday on the Zagreb bourse.
(1 euro = 7.556 Croatian kuna)