It found the takeover would raise no competition concerns as both companies manufacture and supply large domestic appliances, such as ovens or refrigerators. Hisense has acquired more than 95% of Gorenje's stock. It paid 12 euro per Gorenje share, which put the total value of Gorenje at EUR 293m. Hisense Luxembourg Home Appliance Holding has pledged to keep jobs in Velenje and preserve the Gorenje brand.