FIVE MILLION GERMAN MARKS INVESTED IN SPLIT'S CABLE TV NETWORK

ZAGREB, March 2 (Hina) - The Croatia Capital Partnership (CCP) international investment fund has invested DM5 million in the leading cable television licensees in Split, the Kabel-Net and IVB companies, said the director of Copernicus Adriatic. Copernicus Adriatic is a Croatian company owned by Copernicus Partners Ltd, a society established to manage the property of CCP, the first private international investment fund established specifically for direct investments in liable capital of promising Croatian companies. CCP has been founded by the European Bank for Reconstruction and Development, Zagrebacka Bank, Cassamarca S.p.A., Erste Bank, the International Finance Corporation, and Advent International, with a $30 million capital. The funds invested in the Split licensees will be used to build a new, high technology cable distribution network, which from the outset will enable the reception of more than 35 television and 15 radio channels. The network will also provide additional services, such as Internet access and the development of the telephone system. Copernicus Adriatic plans to invest $15-20 million in Zagreb's cable television sector. Negotiations with the principal licensees are underway. Besides the cable network, the company intends to invest its capital in promising Croatian companies, particularly those dealing with the timber and food processing industries and tourism. (hina) ha sb