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CROATIAN PRIVATISATION FUND INVITES TENDERS FOR PURCHASE OF 'PIK VRBOVEC' COMPANY

ZAGREB, Aug 9 (Hina) - The Croatian Privatisation Fund (HFP) hasinvited tenders for the purchase of 99.73 percent of shares of the PIKVrbovec agribusiness, with the initial price of one million kuna.
ZAGREB, Aug 9 (Hina) - The Croatian Privatisation Fund (HFP) has invited tenders for the purchase of 99.73 percent of shares of the PIK Vrbovec agribusiness, with the initial price of one million kuna. The deadline for offering tenders is 14:00 hrs 27 August 2004, according the public invitation published on the web site of the HFP and in Saturday's issue of the Vjesnik daily. According to figures published in the call for tenders, the company's assets came to 362.97 million kuna at the end of 2003, and liabilities totalled 501.77 million kuna. The company's stock capital of 558.07 million kuna is divided in 5,580,797 shares. Of this amount, 5,565,726 shares (99.73 percent) are offered for sale at the initial price of one million kuna. Possible buyers are also asked to retain the current number of PIK Vrbovec employees over the next year or carry out other programmes for providing for possible redundant workers. There are now 1,401 workers in this company.

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