The takeover bid was accepted by 5,165 shareholders, who held a total of 15,254,871 shares, the holding announced in Thursday's issue of the newspaper Delo. At EUR 12 apiece, Hisense paid a total of EUR 183.1m for the 62.46%.
It is unclear at what price Hisense acquired shares it got before the takeover bid. At EUR 12 a share, Gorenje is worth a total of EUR 293.1m.
Owning more than 90% of the company, Hisense will be able to squeeze out small shareholders.
The takeover is pending regulatory approval in markets where Hisense and Gorenje operate. It also has to be approved by the European Commission, Hisense said in a press release.
Igor Štemberger, the CEO of stock broker Ilirika, which is in charge of the takeover procedures, expects the relevant approvals to be issued by autumn.
Hisense said that it would pay the sellers within eight days of acquiring the needed approvals from the Securities Market Agency (ATVP).
Hisense has decided to preserve the Gorenje brand and keep jobs in Velenje. The facility is to become Hisense's R&D centre in Europe.
Hisense said in the press release that it intends to improve the efficiency and use of resources by linking the production facilities of the two groups and their ordering services.
"The groups will pool their know-how with the objective to improve productivity and optimise production cost. After the takeover, Gorenje will be able to make use of Hisense's distribution network in the global market, expanding and fortifying its marketing and promotional activities."
