September 29 (SeeNews) - Croatian shipping company Tankerska Plovidba intends to make a voluntary tender offer to the minority shareholders of its peer Tankerska Next Generation [ZSE:TPNG] for the remaining 8.59% interest that it does not already own, the law firm representing Tankerska Plovidba for the planned transaction said on Thursday.
As of September 29, Tankerska Next Generation owns 7,983,550 shares in Tankerska Next Generation, representing 91.41% interest, the law firm Mamic, Peric, Reberski, Rimac said in a statement filed to the Zagreb bourse.
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The tender offer will be announced in line with the time framework envisaged by the law for takeovers and it concerns all shares of Tankerska Next Generation excluding those on which some kind of burden has been established, it added.
The capital of Tankerska Next Generation totals 436.7 million kuna ($56 million/58 million euro), distributed in 8,733,345 shares without a set par value. The company is a member of the main equity index of the Zagreb bourse, the CROBEX.
Tankerska Next Generation's shares closed 0.79% lower at 75 kuna on Thursday and it was the most traded company for the day with a turnover of 2.2 million kuna in regular trading.
(1 euro = 7.531 Croatian kuna)