Finnish authority obliges Koncar to launch takeover bid for Afarak

The Finnish Financial Supervisory Authority (FIN-FSA) has obliged Afarak COO Danko Koncar to launch a takeover bid for Afarak Group shares, and imposed a running conditional fine to enforce the obligation.   LSE- and Nasdaq-listed Afarak on Thursday published a statement issued by the FIN-FSA, which states that the authority considers that Koncar and entities controlled by him have acted together with Hino Resources, Finaline Business and Koncar's spouse Jelena Manojlovic to exercise control in Afarak.