Hanfa has approved Tankerska plovidba to publish an offer for the takeover of Tankerska Next Generation (TNG), a subsidiary in which Tankerska has increased its ownership stake from approximately 51 percent to 91.41 percent through intensive share purchases on the Zagreb Stock Exchange during September. It is estimated that Tankerska plovidba spent around 350 million kuna to purchase these shares.
In the takeover offer, the Zadar shipping company will pay each ordinary share of TNG 78 kuna to the remaining shareholders, which is also the highest price at which Tankerska plovidba purchased TNG shares at the end of September. Given that the average weighted price of TNG shares on the Zagreb Stock Exchange in the last three months before the obligation to publish the takeover offer was 74.60 kuna, this offer for the purchase of shares still owned by other shareholders can be considered more than a fair price. Tankerska plovidba has also secured and deposited 58.5 million kuna into the SKDD transaction account for the purchase of the remaining TNG shares.
