Croatian product tanker owner Tankerska Next Generation (TNG) is supporting a bid by its parent to take it private.

Tanker and bulker owner Tankerska Plovidba has launched a squeeze-out offer for the remaining stock at HRK 78 ($10.34) per share after building its holding to a little over 91% in recent weeks.

Between 28 June and 28 September, the average share price was HRK 74.60,