Kermas Energija d.o.o. made an offer to acquire 30.9% stake in APARTMANI MEDENA d.d. (ZGSE:AMDN) from a group of sellers for CZK 23.7 million on January 19, 2018. Kermas Energija offered to acquire 0.24 million shares at CZK 100 per share. Croatia's financial regulator, HANFA, has approved the takeover bid. On January 31, 2018, Apartmani Medena declared that it was satisfied with Kermas Energija's takeover bid for the remaining shares not already owned. Kermas Energija d.o.o. completed the acquisition of 20.5% stake in APARTMANI MEDENA d.d. (ZGSE:AMDN) from a group of sellers on March 7, 2018.