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AUSTRIANS ACQUIRE CONTROLLING INTEREST IN CRO. SHIPPING COMPANY

ZADAR, Jan 29 (Hina) - Austria's Vienna Capital Partners investment company has acquired a 25 percent interest in Tankerska plovidba, a shipping company based in the central Adriatic port of Zadar. The $20 million transaction will ensure the survival of the Zadar company as well as the retransfer of part of the capital the company recently spent to purchase its own stocks, Tankerska plovidba's chairman of the board Stanko Banic told reporters. Representatives of the Austrian investor said they acquired the controlling interest in the Croatian company in full agreement with its management.(hina) ha
ZADAR, Jan 29 (Hina) - Austria's Vienna Capital Partners investment company has acquired a 25 percent interest in Tankerska plovidba, a shipping company based in the central Adriatic port of Zadar. The $20 million transaction will ensure the survival of the Zadar company as well as the retransfer of part of the capital the company recently spent to purchase its own stocks, Tankerska plovidba's chairman of the board Stanko Banic told reporters. Representatives of the Austrian investor said they acquired the controlling interest in the Croatian company in full agreement with its management. (hina) ha

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