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HPF accepts bids for purchase of majority stakes in Split ironworks, Ilok textile company

Izvor: HINA
ZAGREB, Dec 18 (Hina) - The Croatian Privatisation Fund (HPF) on Monday accepted a bid by Armko Smart from Samobor, which operates within the Ukrainian-owned Smart Group, to buy an 89.34 per cent stake in Zeljezara Split ironworks.
ZAGREB, Dec 18 (Hina) - The Croatian Privatisation Fund (HPF) on Monday accepted a bid by Armko Smart from Samobor, which operates within the Ukrainian-owned Smart Group, to buy an 89.34 per cent stake in Zeljezara Split ironworks.

Armko Smart pledged to invest 212.08 million over the next five years, increase the labour force from the current 482 to 530 workers, buy all outstanding government claims and inject 13.61 million euros of fresh capital by the end of 2008.

The HPF also accepted a bid by 58 employees of Iteks to purchase 65.58 per cent of the Ilok-based textile company. The employees offered 688,356 kuna for the shares and pledged to invest a million kuna.

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