ZAGREB, Feb 22 (Hina) - Six creditor banks will become the owners of the stock of Croatia's largest distribution company "Tisak". An agreement to that effect was reached at Monday's meeting at the Croatian Postal Bank, which confirmed
it would own 20 per cent of Tisak's stock. Tisak's management board chairman Chris Bogdanovic said the agreement and decisions by the banks' supervisory committees would be finalised within the next week or two. After the agreement in signed, the public will be notified about the exact shares and banks involved. Chairwoman of the Croatian Postal Bank management board, Ljerka Ercegovic, told reporters Monday's meeting established which banks would enter the ownership structure of Tisak. Not wishing to say which banks are involved, she added they were "mostly the biggest Croatian banks". The conditions of rescheduling Tisak's debt to banks was also agreed on on Monday, she said. Unofficial sou
ZAGREB, Feb 22 (Hina) - Six creditor banks will become the owners of
the stock of Croatia's largest distribution company "Tisak".
An agreement to that effect was reached at Monday's meeting at the
Croatian Postal Bank, which confirmed it would own 20 per cent of
Tisak's stock.
Tisak's management board chairman Chris Bogdanovic said the
agreement and decisions by the banks' supervisory committees would
be finalised within the next week or two.
After the agreement in signed, the public will be notified about the
exact shares and banks involved.
Chairwoman of the Croatian Postal Bank management board, Ljerka
Ercegovic, told reporters Monday's meeting established which banks
would enter the ownership structure of Tisak.
Not wishing to say which banks are involved, she added they were
"mostly the biggest Croatian banks".
The conditions of rescheduling Tisak's debt to banks was also
agreed on on Monday, she said.
Unofficial sources say banks have agreed to a five-year payment
deadline.
Banks who would not own Tisak's shares also agreed to the debt
rescheduling.
(hina) lml mm