Pivac Holding Announces Takeover Bid for Kras d.d. On June 17th, 2026, the Management Board of Pivac Holding approved the disclosure of a takeover bid for Kras d.d., a Zagreb-based confectionery company, originating from Vršac. This action removed the final regulatory hurdle, concluding a protracted process that included a more than six-month period of negotiations and multiple revisions to documentation.
The disclosure of the takeover bid occurred on December 6th, 2025, when Pivac Holding acquired 826,426 shares from Mesna industrija braća Pivac. This acquisition represented 55.15 percent of the company’s basic capital and 55.15 percent of the outstanding shares. The transaction signifies the culmination of a significant investment by Pivac Holding, solidifying its position within the Croatian market.
The approval of this disclosure marks the completion of the acquisition, bringing the company closer to full ownership of Kras d.d., a well-established brand. Further details regarding the integration of Kras d.d. into the Pivac Holding portfolio are expected to be released in the coming weeks.
Topics: #company #disclosure #takeover
