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Danko Koncar ordered to pay €120m in supplementary amounts of conditional fine

The statue of Finnish poet Johan Ludvig Runeberg with Kasarminkatu street in the background, in Helsinki, Finland.
Photo: Getty Images

Martina Lindberg

1 min read
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Danko Koncar failed to comply with the obligations to publish a public bid for shares in Afarak Group Plc.

FIN-FSA, the Financial Supervisory Authority in Finland, has ordered Croatian entrepreneur Danko Koncar to pay €120m ($138.2m) in supplementary amounts of a conditional fine which accrued from September 17, 2020, to September 16, 2021.

The order came because Koncar failed to publish a bid for shares in Afarak Group Plc, and failed to provide

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