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Investing.com -- BOSQAR INVEST (ZSE:BSQR) and its partners have completed their acquisition of a 67% indirect stake in Mlinar Group, a leading bakery business in the Adria region, after receiving all necessary regulatory approvals on June 30th.
The transaction, valued at over €100 million in total, involves BOSQAR acquiring a majority stake from European private equity investor MidEuropa, which will retain a minority position and continue supporting the group’s expansion plans.
BOSQAR executed the investment alongside shareholders of Panvita, led by Peter Polanič, and Mlinar’s management team headed by Mladen Veber.
The acquisition represents a significant expansion of BOSQAR’s Future Food vertical and aligns with the company’s strategy to create a leading regional food platform by combining strong local brands, operational excellence, and sustainable production practices.
Darko Horvat, President of the Management Board at BOSQAR d.d., stated: "We are incredibly proud to welcome Mlinar into the BOSQAR INVEST ecosystem. Together with our trusted partners – MidEuropa, the Panvita team, and Mlinar’s leadership – we look forward to building and developing Mlinar Group with great enthusiasm, a focus on innovation, and a shared commitment to excellence. The finalization of this transaction is a key step in the evolution of our Future Food vertical, which we envision as a leading platform for long-term growth and value creation in the region."
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