KASTELA: ADRIAVINIL SOLD TO CROATIAN, GERMAN COMPANIES

KASTELA, April 29 (Hina) - Germany's Kemokompleks company and the Split-based Lavcevic company on Tuesday purchased the Adriavinil company from Kastela for the amount of EUR5.32 million. #L# The new Adriavinil owners will build a yachting centre on 200,000 square metres and are obliged not to launch chemical production on the site. Adriavinil's technological units will be transferred to Russia, where one of the owner has mines, and the new owners are bound to pay the full price for the factory. Thirty-nine million kuna will be divided amongst about 270 Adriavinil workers, which will settle 90 percent of the workers' claims. Adriavinil was sold only after the fifth bid for tenders because interested buyers were not ready to pay EUR15 million, as requested during the first bid. The price was then lowered to six million, but the company was sold to Kemokompleks and Levcevic for EUR5.32 million. (hina) it sb