Croatia: Adris Grupa to Bid for Insurer Croatia Osiguranje

Businessn.a. ♦ Published: May 12, 2014; 18:37 ♦ (Vindobona)

The Croatian financial regulator HANFA has approved Adris Grupa, the largest tobacco company on the Balkans, placing its bid to take over insurance company Croatia Osiguranje.

Will insurance company Croatia Osiguranje be taken over by Adris Grupa? / Picture: ©

The Croatian financial authority has given green light to Adris Grupa, a conglomerate, which consists of two sectors: tobacco and tourism, for the bid for insurer Croatia Osiguranje. The take-over bid comes at HRK 7,412.25 (US-$ 1,361/€ 977) per share, according to HANFA.

According to the Croatian financial regulator, Adris Grupa currently holds a total of 141,510 shares of the…