CRO PRIVATISATION FUND SELLS SHARES OF COMPANIES IN WHICH IT HAS UP TO 25% SHARE

ZAGREB, Nov 2 (Hina) - The Croatian Privatisation Fund (HFP) on Thursday announced an invitation for an auction at which the regular shares of the companies in which the state holds up to 25 percent of shares will be offered. The public auction will be held at the Zagreb Stock Market on Thursday, November 9. Offered at the auction will be the shares from the state portfolio in 68 companies, including the Zagreb hotel Intercontinental, 'Duhan Slatina' tobacco factory, 'Djuro Djakovic' welded containers factory, 'Mlinar' and 'Sloboda' industrial bakeries, Zagreb's pen factory 'TOZ' and the hotel company 'Zlatni otok' from the island of Krk. Domestic and foreign legal and physical entities will be able to purchase the shares if represented by registered Zagreb Stock Market brokers. Interested parties are expected to carry out the analysis of the companies on their own, without HFP's influence. The shares are paid exclusively in cash in kuna or a convertible foreign currency seven days from the day of the public auction. (hina) rml