telegraf.rs
<https://www.telegraf.rs/english/3312785-serbian-businessman-to-buy-kras-aft
er-all-croats-betrayed-each-other-sold-workers-shares>  


Serbian businessman to buy Kras after all: Croats betrayed each other, sold
workers' shares?


Dragica Ranković

3-4 minutes

  _____  

12/03/21 |  14:42 


Although he had been thrown out of the race thanks to a trick, Saranovic is
back in the game


Photo: Promo

Nebojsa Saranovic <https://www.telegraf.rs/teme/nebojsa-saranovic> , an
entrepreneur who, it had seemed, dropped out of the game to acquire Croatian
food company Kras <https://www.telegraf.rs/teme/kras> , got a new chance to
become the Balkan king of confectionery. According to the Croatian printed
press, the Serb is definitely taking over the company.

Allegedly, Saranovic will carry out a complete buyout of the shares owned by
the Pivac brothers at the beginning of the year.

Thus, thanks to a workaround, Kras will after all become a part of
Saranovic's business empire.

The most significant change in this is the decision of the Pivac brothers to
sell their own and the workers' shares to the Serb entrepreneur.

The workers, who previously owned those shares, accepted a 18% cheaper offer
from the Pivac brothers instead of the better one formally offered by the
Cyprus based company Kappa Star Limited, a minority owner of Kras. Kappa
Star Limited is owned by Nebojsa Saranovic, who at the time accused the
management of Kras ESOP and MI Braca Pivac (Pivac Brothers Meat Industry) of
staging "synchronized activities."

The news that Kras <https://www.telegraf.rs/teme/kras>  ESOP had sold all
its shares to the Pivac brothers' meat processing copany hit the region like
a thunderbolt. At the time, Nebojsa Saranovic's company commented for our
portal:

"Since the beginning, we were warned about synchronized action of the Pivac
Meat Industry and Kras ESOP, so this development fully confirms such
speculations. That synchronized action is formally confirmed by the signing
of the contract. As we have said many times, we are ready to be an active
minority shareholder in Kras, whose activities will be focused on the
well-being of the company and the workers," Saranovic's Kappa Star Limited
said.

Whose will be the next move in this saga, and what will that move be?

(Telegraf Biznis)

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