LJUBLJANA, May 10 (Xinhua) -- Shares of Slovenia's largest household appliances maker Gorenje jumped 66 percent to 11.3 euros (13.5 U.S. dollars) on the Ljubljana Stock Exchange on Thursday at China's takeover.
The household appliance maker has become a strategic partner of Hisense Co., a Chinese multinational white goods and electronics manufacturer.
Gorenje share price was close to 12 euro per share offered by Hisense under the condition that it would be able to buy 50 percent plus one share.
Hisense was one of three Chinese companies to have submitted bids for Gorenje. On Wednesday, Gorenje announced it had chosen Hisense, which offered 12 euros per share.
Based on the number of existing shares in late March, the deal will exceed 146.5 million euros for 50 percent plus one share.
"The chosen bidder has obligated itself to issue intent for takeover within 15 days at the latest, to be followed by a takeover bid to all shareholders within the legal deadline," Gorenje said in a statement on Wednesday.