Hisense plans Gorenje squeeze-out and delisting

Main Gorenje shareholder Chinese Hisense proposed to buy remaining stake at €12 per share, Gorenje said in a statement. Hisense also plans to cut Gorenje share capital to € 101.4 million from €101.9 million and delist the company from Ljubljana and Warsaw stock exchanges. At the moment, Hisense holds 23.3 million Gorenje shares equal to 95.4 percent stake. The proposals will be discussed on shareholders meeting scheduled for September 17.