With this extension Inspirio FGS Fund received additional 6 months to dispose the assets of  Konsolidator, including the stake in Dalekovod.

Dalekovod published an announcement on the Zagreb Stock Exchange stating that Inspirio FGS Fund held a meeting of the Board of Trustees of the Fund on 19 January 2021 and decided to extend the duration of the Fund for the next 6 months.

This is particularly important for Dalekovod as Konsolidator, the largest shareholder of the company (60.7%), is under the umbrella of the mentioned fund. In other words, with this extension Inspirio FGS Fund received additional 6 months to dispose of the assets of Konsolidator, including the stake in Dalekovod.

As a reminder, on 4 December 2020 Dalekovod announced that Inspire Investments, which manages the Fund, was obligated to sell the entire assets of the Fund no later than 2 February 2021. Following the mentioned news, the share price of Dalekovod tanked to as low as HRK 5.86 per share (-19% since the announcement). Since then, the share price has somewhat recovered and is currently trading at HRK 6.34 per share, putting it at EV/EBITDA of 6.2x.

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