Gorenje picked Hisense as its new partner on Wednesday as the highest among three bidders from China. Hisense offered EUR 12 per share under the condition that it would be able to buy 50% plus one share in the company, which entails a deal worth at least EUR 146.5m.

Gorenje shareholders will be appointing the company's supervisory board on 12 June, three of the seven seats reserved for the representatives of capital are however expected to be left vacant for the new strategic partner.

The supervisory board has proposed the appointment of Bachtiar Djalil, Corinna Claudia Graf, Miha Košak and Bernard Charles Pasquier for a four-year term, starting on 21 July. All four are already serving as supervisors in the current term.

There will be no dividend payout at the household appliance maker, since there is no distributable profit, suggests the agenda of the meeting, announced today.