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.
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