Port Acquisitions a.s. has launched a takeover bid for the 65.58% interest it does not already own in Luka Rijeka d.d. (ZGSE: LKRI), the law firm representing Port Acquisitions in the planned transaction said on May 3, 2023. The takeover offer priced at 8.40 euro ($9.27) per share will be valid in the next 28 days, Croatian law firm Tus & Grzic, a legal representative of Port Acquisitions, f, said in a statement. Port Acquisitions has become obliged to make the bid since March 14, when its shareholding interest in the Croatian company reached 34.42%.

According to the Croatian law on takeovers, Port Acquisitions is due to make a takeover offer because its stake in Luka Rijeka has exceeded the legally defined threshold of 25%.