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PM says state will sell its shares in Pliva to best bidder

ZAGREB, Sept 4 (Hina) - The state will sell its 18 per cent of shares in the pharmaceutical company Pliva to the best bidder and all other speculations on this should not be commented on at all, Croatian Prime Minister Ivo Sanader said on Monday at a joint press conference with his Danish counterpart Anders Fogh Rasmussen.
ZAGREB, Sept 4 (Hina) - The state will sell its 18 per cent of shares in the pharmaceutical company Pliva to the best bidder and all other speculations on this should not be commented on at all, Croatian Prime Minister Ivo Sanader said on Monday at a joint press conference with his Danish counterpart Anders Fogh Rasmussen.

Sanader was responding to the question if he had attended a dinner in late June when it was agreed to sell Pliva to Barr and if the state would sell its 18 per cent to the U.S. company.

Sanader said the whole sale would be monitored by the Croatian Financial Services Supervision Agency (HANFA) and that the most important thing was for the sale of the state's 18 per cent interest in Pliva to be transparent and that the shares be sold to the best bidder.

"Given that HANFA is monitoring the entire process, no dinners or meetings with Pliva's representatives have anything to do with (the process) nor can they affect it," he said.

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