Ljubljana, 17 September (STA) - Chinese Hisense, which acquired 95.4% in Gorenje earlier this year, has decided to squeeze out the remaining minority shareholders of the Slovenian household appliance maker. The group will delist Gorenje from the Ljubljana and Warsaw stock exchanges.
Hisense will give EUR 12 per share to the owners of the remaining 4.58% stake in Gorenje, shows a release published by the Ljubljana Stock Exchange on Monday after the company's annual general meeting.
The Chinese group entered Gorenje as a strategic partner in May, and increased its stake to 95.42% in a takeover bid that ran at EUR 12 per share between 29 May and 26 June.
Today, shareholders also got acquainted with the resignations of supervisors Corinna Claudia Graf, Bernard Charles Pasquier, Miha Košak and Bachtiar Djalil.
They were replaced by Hisense representatives Yeguo Tang, Shaoquian Jia, Huizhong Dai, Caixia Chen, Yuling Gao, Xin Liu and Wenzhong Liu.