Croatian milling companies Mlin I Pekare Drustvo S Ogranicenom Odgovornoscu Za Proizvodnju I Promet Mlinsko - Pekarskih Proizvo (Mlin i Pekare) and Plodinec D.O.O. (Plodinec) and pension fund managers Allianz ZB d.o.o. (Allianz ZB) and PBZ Croatia Osiguranje d.d. (PBZ CO) plan to submit a takeover bid for the 35.47% interest they do not already own in milling company and retailer Cakovecki mlinovi d.d. (ZGSE:CKML), the law firm representing the consortium in the transaction said. Per local regulations governing corporate takeovers, the partners are required to initiate the takeover bid starting from September 25, 2023. The consortium holds 6,640,428 shares in Cakovecki Mlinovi.

The company's total equity capital amounts to EUR 13.7 million ($14.5 million), distributed among 10,290,000 shares, each with a par value of EUR 1.33.