Yesterday, Čakovečki mlinovi published the notification regarding the obligation to publish a takeover bid.

On 25 September 2023, Mlin i Pekare, Plodinec, and two Croatian pension funds: Allianz ZB and PBZ CO signed a shareholder agreement with the mentioned parties acting in concert. The agreement was signed with the goal of establishing their joint action with the aim of acquiring and achieving joint control over the company Čakovečki Mlinovi.

On the agreement signing day, Mlin i Pekare held a 24.8% stake in the target company, while two Croatian pension funds: Allianz ZB & PBZ CO held 22.9% and 16.8% stake in Čakovečki mlinovi, respectively. Taking this agreement into account, the parties together hold a 64.5% stake in Čakovečki mlinovi, triggering an obligatory takeover offer. We note that the takeover bid is subject to prior approval of the Croatian Competition Agency (AZTN).