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Investment funds sell Gorenje stakes to China's Hisense

Investment funds sell Gorenje stakes to China's Hisense Author: Gorenje. Licence: All rights reserved.

LJUBLJANA (Slovenia), July 10 (SeeNews) – Investment funds run by Prague-based Conseq Investment Management completed the sale of their stake in Slovenian home appliances manufacturer Gorenje [LJE:GRVG] to Hisense Luxembourg Home Appliance Holding, the Slovenian company said.

The funds run by Conseq Investment Management accepted the takeover bid of Hisense and disposed of their enire shareholdings in Gorenje, the Slovenian company said in a filing with the Ljubljana Stock Exchange on Monday.

On May 28, Slovenia's securities market agency, ATVP, issued a permit to Hisense for a takeover bid for 24,424,613 Gorenje shares, minus the 8,050,014 shares that the acquiring party already held.

Hisense informed the agency that between May 29 and June 26 the takeover bid was accepted by 5,165 shareholders, who held a total of 15,254,871 GRVG shares, representing 62.46% of all Gorenje shares.

In May, Gorenje selected Hisense as the best bidder in a tender for a strategic partner.

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