The cancelled decision has ordered Atlantic Grupa to pay the amount of HRK 89.32 per share, to the minority shareholders of the company Kalničke Vode Bio Natura.

Atlantic Grupa published an announcement stating that they have received the Judgment of the Supreme Court of the Republic of Croatia which amends the judgment of the High Administrative Court of the Republic of Croatia  and cancels the decision of the Croatian Financial Services Supervisory Agency (HANFA).

The cancelled Decision has ordered Atlantic Grupa to pay the amount of HRK 89.32 per share, to the minority shareholders of the company Kalničke Vode Bio Natura. The Supreme Court Judgment has been delivered following the initiated proceeding for the extraordinary review of lawfulness of the final Judgment of the High Administrative Court.

As a reminder, in September of 2010, Atlantic Grupa agreed with Badel 1862 on the takeover of company Kalničke vode Bio Natura for enterprise value of HRK 82m (HRK 27 per share). In late December of the same year, Atlantic announced the transferring shares from minority shareholders (3.27% of the share capital) of Kalničke Vode Bio Natura to the major shareholder (Atlantic Grupa). The mentioned transfer was concluded at HRK 7.7 per share, representing HRK 0.74m.

In July of 2011 HANFA brought a decision requiring Atlantic to pay the additional amount of HRK 89.32 per share to the shareholders which were squeezed out, which would have made the total payment for the minority interest of Kalničke Vode Bio Natura HRK 9.35m (higher by HRK 8.6m).