HFP Announces Sales of KIM Dairy and Damages To Be Paid to Hypo Alpe Adria Bank
Zagreb, March 20 (CP) — After a 6 month break, the Croatian Privatization Fund held a meeting of its board of directors today, announcing a public tender for the purchase of just under 67% of shares in the Karlovac based dairy producer KIM.
The starting price given is 15.8 million kuna, 75% of the estimated value of the 70 thousand, 2 hundred and 27 shares on offer. The tender will run until the 21st of April and one of its conditions is that the new owners keep on all of the company’s existing employees.
Prior to the meeting, Deputy Prime Minister Damir Polancec announced that Croatia had lost its court case against the Hypo, Alpe Adria Bank group and would have to pay damages of 40 million Euros, for providing incorrect information about certain Slavonian banks, prior to their sale.
News Info: News in Business, Tagged: HFP
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