ZAGREB, Oct 26 (Hina) - The long-awaited and announced final stage of denationalisation in Croatia began on Tuesday with the signing of the first two agreements which will transfer parts of nationalised companies' shares to previous
owners. Shares in the nominal value of US$591.5 million have been earmarked in the Croatian Privatisation Fund (HFP) portfolio to that effect.
ZAGREB, Oct 26 (Hina) - The long-awaited and announced final stage
of denationalisation in Croatia began on Tuesday with the signing
of the first two agreements which will transfer parts of
nationalised companies' shares to previous owners.
Shares in the nominal value of US$591.5 million have been earmarked
in the Croatian Privatisation Fund (HFP) portfolio to that
effect.#L#
The former owners of Hotel Argentina in Dubrovnik, Marija Devide
and Federik and Konstantin Glavic, have thus been entitled to 14.3
percent of the hotel's shares, the nominal value of which is US$1.1
million, for property seized during the Communist rule in the
former Yugoslav federation.
Almost US$211,000 in shares of the Wieneberger Ilovac brickworks
from Karlovac, formerly known as Brickworks Ilovac, will be
transferred to Marta Pipic Kosanovic and Bosiljka Kosanovic.
Reporters wanted to know if the former owners of Hotel Argentina
would sell shares to Chilean Croat Androniko Luksic, who made a
public bid of US$37.7 per share. Marija Devide's attorney and son
declined to comment, saying it was a family matter.
HFP president Stipe Hrkac and vice president Marija Turudic told
the press there existed to date 23 final settlements on the transfer
of shares to previous owners, according to which 64 previous owners
would be entitled to shares of 22 companies in compensation for
seized property. Among the companies are pharmaceutical giant
Pliva, Sibenik-based shipping company Slobodna Plovidba,
Dubrovnik-based Hotel Bellevue, and food-processor Zdenka from
Veliki Zdenci.
Turudic told the press a lot of work leading to final settlements
had to be done to assess the condition of the companies due to
difficulties resulting from the passage of time, irregularly kept
land registers, and the evaluation of previous deposits. She added
the other cases were in phase of completion.
(hina) ha jn