Flexway Adriatic d.o.o. acquired a 75.248% stake in Zvecevo d.d. (ZGSE:ZVCV) from Zdravko Alvir on March 26, 2024. The acquired stake consists of 213,167 ordinary series A shares and 74,562 ordinary series B shares. Following the transaction, Flexway Adriatic has become obliged to launch a takeover bid for the rest of the shares in Zvecevo in line with the Croatian law for acquisitions, which envisages such obligation for investors whose shares exceeds the 25% threshold in a company?s capital. Flexway Adriatic will make a bid for all remaining shares in Zvecevo. Soos Maceljski, Mandic, Stanic & Partneri acted as legal advisor to Flexway Adriatic.

Flexway Adriatic d.o.o. completed the acquisition of a 75.248% stake in Zvecevo d.d. (ZGSE:ZVCV) from Zdravko Alvir on March 26, 2024.