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CRO & HUNGARIAN MEAT-PROCESSING INDUSTRIES ESTABLISH COOPERATION

ZAGREB, Feb 4 (Hina) - The process of restructuring in the meat-processing industry PIK Vrbovec will start in mid 1999, which will enabling the firm to appear in the European capital market. Cooperation in the process of restructuring was the main topic at Thursday's talks between the president of the PIK Vrbovec managing board Ivan Jedvaj and his Hungarian counterpart from the PICK Szeged firm, Vilmos Bihar, PIK Vrbovec reported today. The meeting focused on the successfully implemented restructuring of PICK Szeged, which has enabled this meat-processing firm to access the London and Budapest stock exchange. PICK Szeged is one of the leading European meat-processing industries, 70%-owned by investment funds from the United States, Great Britain and Japan. PIK Vrbovec is Croatia's leading meat-processing industry and it covers 40 per cent of the domestic meat market.
ZAGREB, Feb 4 (Hina) - The process of restructuring in the meat- processing industry PIK Vrbovec will start in mid 1999, which will enabling the firm to appear in the European capital market. Cooperation in the process of restructuring was the main topic at Thursday's talks between the president of the PIK Vrbovec managing board Ivan Jedvaj and his Hungarian counterpart from the PICK Szeged firm, Vilmos Bihar, PIK Vrbovec reported today. The meeting focused on the successfully implemented restructuring of PICK Szeged, which has enabled this meat-processing firm to access the London and Budapest stock exchange. PICK Szeged is one of the leading European meat-processing industries, 70%-owned by investment funds from the United States, Great Britain and Japan. PIK Vrbovec is Croatia's leading meat-processing industry and it covers 40 per cent of the domestic meat market. (hina) mm rml

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