LJUBLJANA, May 11 (Xinhua) -- Slovenian household appliance maker Gorenje has announced it would leave three seats vacant for the new strategic partner on its supervisory board, after China's Hisense published its intent on Friday to acquire all of Gorenje's shares.
Gorenje picked Hisense as its new partner on Wednesday as the highest among three bidders from China. Hisense offered 12 euros (14.32 U.S. dollars) per share under the condition that it would be able to buy 50 percent plus one share in the company, which results in a deal worth at least 146.5 million euros.
Gorenje shareholders will be appointing the company's supervisory board on June 12. Three of the seven seats reserved, however, are expected to be left vacant for the new strategic partner, the Slovenian Press Agency (STA) reported, citing Gorenje's announcement on Friday.
However, there will be no dividend payout at the household appliance maker since distributable profit amounts to zero, according to the announcement.
Hisense was established in 1969 in China, originally focusing on the manufacturing of radios, and more recently one of the world's biggest makers of TV and household appliances.
It has production facilities around the world, including in Europe. According to the company's webpage, Hisense employs around 75,000 people in more than 20 subsidiaries.