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Croatia's Tankerska to bid for remaining shares of Atlantska Plovidba

May 2, 2024, 2:22:44 PMArticle by Annie Tsoneva
share
May 2 (SeeNews) - Croatian shipping company Tankerska Plovidba plans to make a voluntary takeover bid for the 35.49% interest it does not already own in listed peer Atlantska Plovidba [ZSE:ATPL], the law firm representing Tankerska in the transaction said.

Croatia's Tankerska to bid for remaining shares of Atlantska Plovidba
Atlantska Plovidba. Source: Atlantska Plovidba

Tankerska Plovidba will make the bid targeting all remaining shares in Atlantska Plovidba, on which no burden has been set, law company Mamic, Peric, Reberski, Rimac said in a statement to the Zagreb bourse on Monday afternoon. On Tuesday, May 1, the bourse was closed.

Atlantska Plovidba’s capital of 83.3 million euro ($89.2 million) is distributed in 2,093,270 shares.

Atlantska Plovidba’s shares traded 15.16% higher at 52.40 euro by 1225 local time on Wednesday on the Zagreb bourse, where they were the biggest daily gainer and the most traded company intraday.

($ = 0.934 euro)

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