PLIVA SHARES OFFERED ON DOMESTIC MARKET

ZAGREB, March 20 (Hina) - Zagrebacka Banka and the Union Bank of Switzerland have offered 25,000 Pliva shares for sale on the domestic market at par values ranging between 4,150 to 5,100 kuna. Zagrebacka Banka and the Union Bank of Switzerland placed 150,000 Pliva shares on the international market earlier this month. The aggregate par value of the international offer is DM 150 million, which amounts to 30 percent of Pliva's equity. The domestic offer was today presented in Zagreb by the chairman of the Zagrebacka Banka management board, Franjo Lukovic, and Pliva general manager Zeljko Covic. Also present was Privatization and National Wealth Management Minister Ivan Penic and President of the Croatian Privatization Fund, Milan Kovac. PLIVA shares will be admitted to Zagreb and London Stock Exchanges on April 11. Covic outlined Pliva's business performance in the past year. The corporate income in 1995 was US$ 2.078 million, while net profits totalled 399 million kuna. (hina) jn as 201345 MET mar 96