MOSCOW (MRC) -- The operator of the Croatian bourse said on Wednesday it has revised its CROBEX blue-chip stock index, dropping polymer and petrochemicals producer Dioki, said Seenews.
The extraordinary revision was due to the fact that Dioki announced on Wednesday bankruptcy proceedings are being launched against the company, the bourse operator said in a statement. The calculation of the revised CROBEX will be implemented after the close of trading on Wednesday.
Dioki creditors at a hearing in October 2013 did not endorse a financial restructuring plan for this petrochemical company. Creditors which claim 52.88% of Dioki's debt voted against the restructuring plan, while those claiming 41.22% were in favour. The hearing was attended by creditors whose claims from Dioki amount to HRK 905.4 million.
DIOKI d.d. was founded on 17 July 1995 as a merger of INA-OKI d.d. of Zagreb, DINA d.d. of Omisalj and INA-Naftaplin's Ethylene Production Unit of Zagreb. The company's basic activity is the production of polymers and petrochemicals: low density polyethylene, general purpose polystyrene, high impact polystyrene, expandable polystyrene, ethylene.
MRC