ZAGREB, Sept 22 (Hina) - During 2001 and the first eight months of 2002, the Croatian Privatisation Fund (HFP) sold its shares in 22 companies for 452 million kuna after it published bids for the purchase of those stocks.
ZAGREB, Sept 22 (Hina) - During 2001 and the first eight months of
2002, the Croatian Privatisation Fund (HFP) sold its shares in 22
companies for 452 million kuna after it published bids for the
purchase of those stocks. #L#
The paid amount was 49.2 percent of the total nominal value of those
shares.
In the same period, 792 packages of shares from the Fund's portfolio
were sold at the Varazdin and Zagreb Stock Exchanges.
The Fund deputy Chief Executive Officer, Kresimir Starcevic, said
foreigner investors entered only 15 percent of the sold 22
companies.
He ascribed this situation to the insufficient interest of foreign
investors but also to the emergence of able and high-quality
Croatian investors who are willing to develop the business
activities in the firms they bought.
The state-run portfolio includes now stocks in 1,091 companies
whose entire capital stock is worth 62.1 billion kuna, and of it
about 22.2 billion kuna are in the state portfolio's shares.
(one euro is approximately 7.3 kuna)
(hina) ms