Croatia's financial market regulator HANFA said it has allowed local holding company Flexway Adriatic d.o.o., a subsidiary of UAE-based company Flexway DMCC, to make a takeoverbid for the 24.75% stake it does not already own in Zvecevo d.d. (ZGSE:ZVCV). Flexway Adriatic offers EUR 38.71 ($42.10) per Zvecevo share, HANFA said in a statement on June 4, 2024. The capital of Zvecevo amounts to EUR 9.9 million and consists of 382,370 ordinary shares with a par value of EUR 26.

Zvecevo?s shares traded 50.79% higher at EUR 38 on June 5, 2024 morning on the Zagreb bourse.