ZAGREBACKA BANKA DISMISSES CLAIMS ON SALE OF SHARES TO ITALIAN BANK ZAGREB, Oct 22 (Hina) - The Zagrebacka Banka dd on Friday dismissed claims published recently in some papers on the alleged sale of the bank's shares to an Italian
bank. Dismissing as "completely unfounded statements regarding the sale of the Zagrebacka Banka to any other bank within talks on the sale of financially reorganised banks which are owned by the state", the bank reminds that more than 70 per cent of its shares are owned by foreign shareholders and are quoted on the London and Zagreb stock markets. These facts alone point to the absurdity of assumptions that the state might sell a private bank whose shares are being traded on foreign stock exchanges, the bank said in a statement.(hina) rml
ZAGREB, Oct 22 (Hina) - The Zagrebacka Banka dd on Friday dismissed
claims published recently in some papers on the alleged sale of the
bank's shares to an Italian bank.
Dismissing as "completely unfounded statements regarding the sale
of the Zagrebacka Banka to any other bank within talks on the sale of
financially reorganised banks which are owned by the state", the
bank reminds that more than 70 per cent of its shares are owned by
foreign shareholders and are quoted on the London and Zagreb stock
markets.
These facts alone point to the absurdity of assumptions that the
state might sell a private bank whose shares are being traded on
foreign stock exchanges, the bank said in a statement.
(hina) rml