ZAGREB, March 29 (Hina) - The international placement of 150,000
shares in PLIVA, Croatia's biggest pharmaceuticals manufacturer,
has been a great success, according to Croatian Privatization
Minister Ivan Penic.
Zagrebacka Banka and the Union Bank of Switzerland have sold
97,500 shares at 1,600 DM per share. The aggregate par value of the
sale is DM 97.5 million, which accounts for 20% of Pliva's equity.
The initial price was DM 1,378 per share.
"There was a record demand for shares," Penic said.
After admission to the London and Zagreb stock exchanges,
scheduled for April 11, the price is expected to stabilize, Penic
said.
291855 MET mar 96
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