ZAGREB, Feb 25 (Hina) - The European Bank for Reconstruction and Development (EBRD) on Tuesday would not comment on newspaper headlines about the alleged sale of its shares in the Koprivnica-based food company Podravka.
ZAGREB, Feb 25 (Hina) - The European Bank for Reconstruction and
Development (EBRD) on Tuesday would not comment on newspaper
headlines about the alleged sale of its shares in the Koprivnica-
based food company Podravka. #L#
Referring to the fact that Podravka shares were listed in the Zagreb
Stock Exchange, the EBRD public relations office in London said it
was the bank's policy not to comment on possible transactions.
The Croatian press reported that the EBRD was selling its 636,000
shares in Podravka, which make up 10.53% of company stock. It was
speculated that the EBRD intended to sell the shares to Podravka.
Podravka, whose officials refused to comment on the reports, holds
2.7% of own treasury shares and can hold up to 10% at the most.
Officials at the Privredna Bank Zagreb (PBZ) and Dom Fond, which
were also mentioned as the potential buyers and whose directors sit
on Podravka's Supervisory Board, would not comment on the reports
either.
(hina) rml