CIAK Grupa d.d. (ZGSE:CIAK) agreed to acquire Auto Milovanovic d.o.o. on September 17, 2021. The transaction is subject to fulfilment of several preconditions, as well as approvals of regulator institutions in Bosnia and Herzegovina. The transaction is expected to complete by end of 2021.

CIAK Grupa d.d. (ZGSE:CIAK) completed the acquisition of Auto Milovanovic d.o.o. on November 9, 2021. Auto Milovanovic d.o.o reported revenue of €132 million. Goran Horvat of KPMG Croatia d.o.o acted as due diligence provider to CIAK Grupa.