SUNCE ULAGANJA d.o.o. executed an agreement to acquire 49.99% stake in Sunce Koncern d.d. (ZGSE:SUKC-R-A) from Marfin Investment Group Holdings S.A. (ATSE:MIG) for €43 million on March 21, 2017. The consideration will be fully paid upon completion of the transaction, which has been agreed to take place until June 15, 2017. The proceeds from the deal will be used for the repayment of existing loan obligations.

SUNCE ULAGANJA d.o.o. completed the acquisition of 49.99% stake in Sunce Koncern d.d. (ZGSE:SUKC-R-A) from Marfin Investment Group Holdings S.A. (ATSE:MIG) on June 14, 2017. MIG sold 2.22 million ordinary shares in Sunce Koncern.