ERICSSON ACQUIRES 49.07 PERCENT OF NIKOLA TESLA SHARES

ZAGREB, March 8 (Hina) - One of the world's leading telecommunications companies, Sweden's ERICSSON, today acquired 49.07 percent of the Nikola Tesla share portfolio. The 70,000 DEM contract was signed by Privatisation Minister Ivica Penic, who doubles as the President of the Privatisation Fund, and Ericsson President, Hakan Jannson. Part of the contract was signed by Nikola Tesla manager, Milivoj Pejkovic, and HPT (Croatian Post and Telecommunication) director, Mato Perak. Under the contract, Ericsson is to pay 20 million DEM in cash, 25 million in equipment for HPT and 25 million in production licences. Present at the signing were Premier Nikica Valentic, Deputy Prime Minister, Borislav Skegro, Transport and Communications Minister, Ivica Mudrinic, and Swedish Ambassador to Croatia, Sunne Danielsson. (hina) jn as 082119 MET mar 95