Tankerska Plovidba d.d. will launch a takeover bid for the 60.9% interest it does not already own in Atlantska Plovidba d.d. (ZGSE:ATPL), the law firm representing Tankerska in the transaction said on November 3, 2023. Tankerska Plovidba became obligated to announce the takeover bid in compliance with local takeover laws following a recent capital increase by Atlantska Plovidba, in which Tankerska Plovidba bought 683,501 of Atlantska?s shares, equal to 32.65% of its capital, lifting its stake in the peer company to 39.10%, law firm Mamic, Peric, Reberski, Rimac said in a statement. The subscription for the new shares in the capital increase occurred from September 28 to October 11.

During this period, Atlantska issued 697,750 new shares, increasing its share capital from EUR 55.6 million ($59.6 million) to EUR 83.4 million. After the capital increase, which will be officially registered by the central depositary agency on November 6, Atlantska's capital will be distributed across 2,093,270 shares, each without a set nominal value.