TheIWGE have heard that Hisense Luxemburg Home Appliance Holdings S.ar.l., a member of China’s Hisense group, intends to launch a takeover for the purchase of Gorenje shares. Gorenje is a Slovenia white goods manufacturer.

The offeror states that it intends to publish the takeover bid for the purchase of all shares of Gorenje Gospodinjski aparati, d.d., pursuant to the relevant law, Gorenje said in a filing to the Ljubljana Stock Exchange on Friday.

The takeover intention was published in the Delo newspaper on Friday.

On Wednesday, Gorenje selected Hisense as the best bidder in its tender for a strategic partner, which will acquire a stake of 50% plus one share in the home appliances manufacturer.

Gorenje hopes that with the help of a strategic partner it can pursue the growth of business, strengthen brand power, access prime distribution channels and accelerate product innovation and business digitalisation.

In November 2016, Japan’s Panasonic decided not to increase its stake of¬†10.74% in Gorenje.

Storey curtesy of SeeNews – See more at: https://seenews.com/news/slovenias-gorenje-says-hisense-to-launch-takeover-bid-for-its-shares-612372#sthash.8AiI5CDI.dpuf

UPDATE:

LJUBLJANA (Slovenia), June 28 (SeeNews) – Hisense Luxembourg Home Appliance Holding, a member of China’s Hisense Group, has increased its stake in Slovenia’s white goods manufacturer Gorenje¬†[LJE:GRVG] by 62.46% to 95.42% following a successful takeover bid, the latter said on Thursday.

The takeover bid at 12 euro ($13.9) per share was accepted by 5,165 Gorenje shareholders for a total of 15,254,871 shares, Gorenje said in a statement on its website.

Hisense Luxembourg Home Appliance Holding launched the takeover bid on May 29, which lasted and included June 26.

Prior to the bid, Hisense held a 32.96% stake in the Slovenian company.

Earlier in May, Gorenje selected Hisense as the best bidder in a tender for a strategic partner.

($=0.864203 euro)

– See more at: https://seenews.com/news/chinas-hisense-increases-shareholding-in-gorenje-to-954-618061#sthash.vQJbh4Ed.dpuf

Steve Bunyan

Steve Bunyan

Engineer first, trainer 2nd