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Novi List plans to get new strategic partner

Autor: ;mses;
RIJEKA, March 29 (Hina) - The US Media Development Loan Fund (MDLF) iswilling to give its stock in the Rijeka-based Novi List daily, namely30 percent of the shares, to a new strategic partner of Novi Listd.d., Novi List director Zdenko Mance told Hina on Tuesday.
RIJEKA, March 29 (Hina) - The US Media Development Loan Fund (MDLF) is willing to give its stock in the Rijeka-based Novi List daily, namely 30 percent of the shares, to a new strategic partner of Novi List d.d., Novi List director Zdenko Mance told Hina on Tuesday.

This investment partner should be replaced by a strategic partner from the press and publishing industry and talks on possible new partners are under way, Mance said.

He stressed that a decision on the replacement of the investment partner with a strategic partner would be made by small share-holders.

According to the ownership structure of Novi List d.d., 51 percent of shares are held by small share-holders, who are organised in the Rijecki List company ltd., which was established in 1999. Other small share-holders hold 19 percent, and the MDLF about 30 percent.

Mance said that the price of the package of the 30-percent shares would be a matter of agreement and assessment.

The small shareholders are to convene for their assembly on 31 March when they are expected to make relevant decisions.

Mance said that talks on new investments were under way and that according to public speculation, the Austrian media concern Styria was not ruled out.

The stock capital of the daily is 18 million kuna (approximately 2.4 million euros), according to figures released by the registry of the Commercial Court on its web site.

(Hina) ms

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