The same decision was announced on Wednesday by the AZ compulsory pension fund, which will sell its 2.6 percent share in Pliva to Barr. Last week, the European Bank for Reconstruction and Development (EBRD) accepted Barr's offer to sell its 5.4 percent share in Pliva.
The Croatian government this week recommended that the Croatian Pension Insurance Agency transfer 3,117,127 or 18 percent of Pliva shares to the ownership of the Pensioners Fund, which is seen as the first step towards accepting Barr's offer.
The shares of the state, the EBRD, and the AZ and Raiffeisen pension funds together amount to 27.2 percent. By Wednesday, 1,422,568 or 7.65 percent of Pliva shares were deposited with the Central Depository Agency.
Barr will consider its offer successful if it manages to acquire more than 50 percent of Pliva's capital stock.
Barr's public offer for the takeover of Pliva at a price of 820 kuna per share lasts five more days, until October 11.