17.8.2012 15:57:00 | Author/Source www.seenews.com
Croatia's financial regulator said on Friday it has cleared Germany's Rixecker Investment KG to place a takeover bid for Croatian valves and fittings manufacturer MIV.
The obligation to publish a takeover bid was triggered after Rixecker Investment KG recently raised its stake in the Varazdin-based company to 33.6% from 22.07%, the Croatian Financial Services Supervisory Agency said in a statement.