Hanfa Board meeting: Approval granted to Pivac Holding to publish a takeover bid for Kraš; two new crypto licences issued
At today's meeting of the Board of the Croatian Financial Services Supervisory Agency (Hanfa), a decision was adopted granting approval to the company Pivac Holding d.o.o. za upravljačke djelatnosti holding društva from Vrgorac (hereinafter: Pivac Holding) to announce a takeover bid relating to the acquisition of the company Kraš d.d. From Zagreb.
Pivac Holding d.o.o. has acquired 826,426 shares in Kraš d.d., representing 55.15% of voting shares, thereby triggering the obligation to publish a takeover bid. The price offered in the takeover bid amounts to EUR 130 per ordinary share of Kraš d.d.
In addition, decisions were adopted granting authorisation to the companies Bitblock d.o.o. and IN KAPITAL d.o.o. to operate as crypto‑asset service providers (CASPs), in accordance with Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA) and the national legislation implementing that Regulation.
A total of five companies in Croatia have obtained crypto licences and have aligned their crypto-related operations within the prescribed transitional period ending on 1 July 2026. Upon submission of confirmation of entry in the court register, these companies will be entered in Hanfa’s Register of Entities Authorised to Provide Crypto-Asset Services under MiCA and will become subject to Hanfa’s supervision in all aspects of their activities related to the provision of crypto‑asset services.
Crypto-assets are becoming an increasingly significant segment of the modern financial market, offering citizens new opportunities for investment and portfolio diversification. As with all forms of investment, it is important to familiarise oneself with the characteristics of the product and the associated level of risk before making an investment decision, as well as to define one’s investment objectives.
It is also advisable to check Hanfa’s official registers to verify whether an entity is licensed. If a company is not listed in Hanfa’s registers, this should raise concerns, as it is often indicative of fraud. Hanfa regularly publishes and updates a list of suspicious entities targeting Croatian citizens without the necessary authorisations, which may serve as an additional tool in identifying potential investment scams.
More details about these and other decisions from today's meeting of Hanfa Board are available here.
