In the next period DD Acquisition will gain insight into additional data of the Company, after which this potential investor from Czech Republic, will in case of successful negotiations, have the opportunity to participate in the restructuring of Đuro Đaković Group.

The Management Board of Đuro Đaković announced on Wednesday that the Group continues negotiations with DD Acquisition from the Czech Republic to participate in the restructuring of the Group by recapitalization. Such a decision comes after the arrival of two conditional offers from potential investors, and based on the analysis and evaluation of the received non-binding bids.

The company notes that in the next period DD Acquisition will gain insight into additional data of the Company, after which potential investor, in case of successful negotiations, will have the opportunity to participate in restructuring of Group.

The Management Board of the Company additionally emphasizes that the process in question is conducted in accordance with the Decision of the Government of the Republic of Croatia of 16 January 2020 on granting a state guarantee in favor of the Croatian Bank for Reconstruction and Development (HBOR) and / or other business banks in the country and / or abroad for credit indebtedness and / or financial framework for liquidity to Đuro Đaković companies.

The company further adds that they will continue to timely inform the investment public about all the relevant facts.

As a reminder, DD Acquisition recently (November 2020) became the largest shareholder of Đuro Đaković by acquiring the shares owned by Mr. Nenad Bakić, who was previously the largest shareholder. Currently, DD Acquisition has a 18.88% share in the company registered under custody account.