( Editorial: --> 3057 )
ZAGREB, Feb 19 (Hina) - The Croatian Government is planning to make
a new inernational offering of 14.16% of the stock of the Pliva
pharmaceutical company in April, as soon as the financial
statements for 1997 have been posted.
The first offer for sale was made in October 1997 by the Daiwa Europe
bank as global coordinator. However, owing to a sharp fall in share
prices on 27 and 28 October (the so-called "grey Monday" and "black
Tuesday"),the offering was postponed. The US company Merrill Lynch
has since joined Daiwa Europe as co-coordinator.
Pliva was the first company from a transition country to be fully
admitted to the London Stock Exchange in 1996.
According to the preliminary reports, Pliva's gross earnings in the
first six months of 1996 topped the previous year's earnings in the
same period by 13.9 percent.
(hina) mm as
191146 MET feb 98
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