Ledo D.d. (ZGSE:LEDO-R-A) signed a framework agreement to acquire Ledo Podgorica from Agrokor d.d. for approximately HRK 150 million on December 14, 2012. The deal is subject to the Ledo D.d.'s share offering reaching 60% take up rate. Ledo D.d. shareholders have cleared plans to raise funds in a capital hike for the acquisition of Frikom A.D. in Serbia and Ledo Podgorica in Montenegro from its parent Agrokor d.d. to become a regional leader in the ice cream and frozen food industry.

As of December 21, 2012 Ledo D.d.has raised HRK 750 million for the financing of deal.