The sellers so far include the International Finance Corporation (IFC), a member of the World Bank Group, which had 11.8%, while roughly half of the fiduciary accounts at which Gorenje shares were registered have also been emptied - unofficially Gorenje supervisor Corrina Graff also sold her shares, Finance reports.
According to the paper, Hisense, whose takeover bid is due within 30 days after the publication of the takeover intent, has also been buying through the Ljubljana Stock Exchange.
Gorenje's share value on the LJSE has rocketed from around EUR 6 to slightly under the EUR 12 per share that Hisense Luxembourg Home Appliance offered in the 11 May bid on condition it would be able to buy 50% plus one share.
Before Hisense's arrival, Gorenje's single biggest owner was the state-owned KAD fund (16.37%), followed by IFC and Japan's Panasonic (10.74%). KAD cannot sell its stake, as Gorenje is not slated for sale in the national strategy on asset management.
