GORENJE, d.d., Velenje
Update on the ongoing exploration of strategic partnership opportunities
Pursuant to the provisions of the Rules and Regulations of the Ljubljana Stock Exchange d.d., Financial Instruments Market Act (ZTFI), and the Corporate Governance Code of the Ljubljana Stock Exchange and Warsaw Stock Exchange, the company Gorenje d.d., Velenje, hereby makes the following announcement:
Following the previous announcements in relation to the exploration of strategic partnership opportunities, Gorenje, d.d. provides an update on the status of the activities carried out to date.
On 7th March 2018 Gorenje, d.d. received 4 non-binding offers from potential Asian strategic partners. All of them are active in household appliances industry.
Gorenje, d.d. will review non-binding offers on 13th March 2018 and release the next update on the process by 15th March 2018. Taking into account the provisions of the signed confidentiality agreements with interested strategic partners, the company Gorenje, d.d. will not comment on potential speculations in the media regarding the names of the interested partners.
Following the assessment of the received non-binding offers from a strategic perspective, certain prospective partners will be invited to participate in the due diligence phase of the process.
During the due diligence phase, prospective partners will be provided with additional information including access to a Virtual Data Room on Gorenje Group, selected site visits to Gorenje Group facilities and meetings with top management.
Disclaimer: The English text for all announcements is for information purposes only!
The information in this announcement will be available on the official web site of the company Gorenje, d.d., Velenje, Slovenia, www.gorenjegoup.com, for at least 5 years from the date of this announcement.
The Management Board