Kraš Management Views Takeover Offer Favorably

The management of Croatian confectionery company Kraš has expressed a positive stance on the takeover bid presented by Pivac Holding, in partnership with Kappa Star Limited, owned by Nebojša Šaranović. The board deems the offered price of 130 euros per share to be appropriate, particularly for shareholders who prefer not to engage in long-term financial market risks.

In its assessment, Kraš's management noted that the proposed share price aligns with the company's current business performance, its standing in the domestic and regional confectionery market, and the prevailing global macroeconomic and geopolitical conditions. This valuation is considered fair, especially considering the current global economic climate.

Furthermore, the management positively evaluated the bidders' intentions regarding the future operations of Kraš. The offer indicates a commitment to continuing and developing Kraš as a stable, competitive, and sustainable economic entity, rather than pursuing short-term changes to its core business strategy. This long-term focus resonates with Kraš's current business strategy.

The management also anticipates that the bidders' plans will not significantly affect employment policies or the labor status of Kraš's employees. The potential relocation of production to Zaprešić, following Kraš's property acquisition in the area during 2026, was also mentioned. The offer, approved by Hanfa, is now proceeding on the Zagreb Stock Exchange, marking a significant step in the acquisition of one of the region's prominent food companies.

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S obzirom na poslovna kretanja Društva Kraš, položaj na domaćem i regionalnom tržištu konditorskih proizvoda, ali uzevši u obzir i trenutne makroekonomske okolnosti i političko-ekonomske okolnosti u svetu, uprava društva smatra cenu od 130 evra po akciji primerenom