Atlantic Grupa is considering takeover of Podravka - Majority stake now totals EUR 160 m

(Photo: atlantic.hr)

Atlantic Grupa confirms they are ready for the acquisition of Podravka which they have already tried unsuccessfully to buy seven years ago. The company says that, as a strong regional food company with a developed distribution platform, they can be a consolidator of food industry in Southeast Europe and beyond.

According to the prices at the Zagreb Stock Exchange , the state-owned portion totals KN 600 m (EUR 80 m) at the market and for the acquisition of majority stake at Atlantic , it would have to set aside at least 1.2 billion ( EUR 160 m).