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Croatia's Varteks absorbs its Varteks E unit

Croatia's Varteks absorbs its Varteks E unit Author: Joost Nelissen Licence: Creative Commons

ZAGREB (Croatia), October 21 (SeeNews) - Croatia's leading garment manufacturing and sales company Varteks d.d. [ZSE:VART] said it has absorbed its wholly-owned unit Varteks E d.o.o.

The commercial court in the city of Varazdin has announced the entering of the merger into its registry on October 18, the parent company said in a filing with the Zagreb Stock Exchange (ZSE) on Friday.

The contract for the merger was signed on August 30, according to an earlier statement published on Varteks' website.

Varazdin-based Varteks was founded in 1918. Its own brands include Phillipe Vartin, Luis Fabre, Edora, Focus, Varteks International, and Di Caprio.