Croatia's Petrokemija intends to acquire 50% stake in Luka Sibenik.

By bne IntelliNews May 28, 2012
Croatian fertilizers producer Petrokemija said it has submitted a proposal with the intention to purchase a 50% stake in port operator Luka Sibenik. The stake is currently owned by freight forwarding firm Transadria which is undergoing a bankruptcy, Petrokemija said in a statement to the Zagreb burse. Petrokemija currently holds a 29.53% stake in Luka Sibenik. Last week, Petrokemija announced that it was in talks with foreign banks on a loan, which will be used for building a HRK 900mn (EUR 119mn) cogeneration plant. According to the report, deputy PM Radimir Cacic has met representatives of potential creditors, including the EBRD, in order to arrange the loan.

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss