Croatia's financial services regulator Croatian Financial Services Supervisory Agency (Hanfa) said it has granted approval to Bosnian wholesaler Mepas d.o.o. Siroki Brijeg (Mepas) to launch a buyout-bid for the remaining 3.83% interest in Croatian wholesaler and retailer of construction materials and equipment Brodomerkur d.d. (ZGSE:BDMR) that it does not already own. Mepas will offer to pay a price of EUR 85 ($89.5) per each Brodomerkur share, Hanfa said in a statement late on October 12, 2023. Mepas became obligated to launch a buyout-bid for Brodomerkur on August 11 after raising its stake in the company to 96.17%, the Bosnian company said earlier in filing with the Zagreb stock exchange.

Brodomerkur's shares last traded on October 5, when they closed flat at EUR 85 on the Zagreb bourse.