The deadline for the submission by physical persons of bids for the purchase of INA shares as part of the second round of privatisation of the largest Croatian and regional oil company expired at 2000 hours on Thursday.
Physical persons wishing to buy shares without the pre-emptive right may submit their bids by 1500 hours on November 27. After the expiry of the deadline the government will determine a final sale price, which will range from 1,400 to 1,900 kuna per share, and decide on how the shares will be divided between domestic and foreign institutional investors and at what price.
(1 euro = 7.38 kuna)