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Petrokemija management says has no info on plans for privatisation

March 28/2012

(daily.tportal) -- Petrokemija's stock has been in investors' focus after the media reported a week ago that the government could privatise the company by the end of the year. Stock exchange analysts expect interest to increase this week as the media speculate that Economy Minister Radimir Cacic's visit to Moscow is, among other things, also related to Petrokemija's privatisation.

A union active in the company forwarded a letter to the top state officials on Sunday night, asking for answers regarding the privatisation.

In the letter, the EKN union recalls that upon signing an agreement on how to privatise Petrokemija on 28 August 1998, the government committed to owning at least 51 per cent of the company's stock, as well as parliament's decision on companies of special state interest.

The state's current stake in Petrokemija is 50.63 per cent.

Last week, the company's shares were among the more traded on the Zagreb Stock Exchange, turning over HRK 12.6 million. The price went up 8.06 per cent on the week, to HRK 228 per share.
Author:Anna Larionova
Category:General News
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