CROATIA TO PRIVATISE PORT OF RIJEKA

( Editorial: --> 3398 ) ZAGREB, 12 May (Hina) - The Croatian Privatisation Fund has decided to privatise the port of Rijeka, which has been estimated at 131.6 million kuna. The employees will be offered 50 per cent of the stocks, worth 65.8 million kuna (about $US11.5 million). The rest of the stocks will be floated in accordance with the privatisation law, president of the Croatian Privatisation Fund Tomislav Druzak said at Tuesday's session of the Fund's head committee. The port's creditors - the insurance company Croatia osiguranje, Jadrolinija shipping company, the Croatian Privatisation Fund, the Croatian Health Insurance, the Croatian Forests, Plovput shipping company and the Croatian Post and Telecommunications - will be compensated stocks worth 162 million kuna ($ US 25 million). Including ports' claims, its total equity amounts to 293 million kuna ($US46 million). (Hina) mr 122127 MET may 98