Croatian Djakovic’s Offer to Buy Ingra Is Valid, Regulator Says

Djuro Djakovic d.d., Croatia’s largest heavy-vehicle maker, can proceed with its offer to acquire Ingra d.d., a Zagreb-based construction company, the market regulator known as Hanfa said in a statement on its website.

Djakovic’s offer of 6 kuna ($1) per share for Ingra, made on July 16, satisfies trading rules, the regulator said. Trading in both companies shares was suspended on the Zagreb stock exchange, Hanfa said. Ingra last traded at 5.24 kuna per share today.

Djakovic is based in Slavonski Brod, Croatia.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net