February 20 (SeeNews) - Croatia's state-owned fund for enterprise restructuring and privatisation, CERP, said it has decided to its 0.05% stake it hotel operator Plava Laguna [ZSE:PLAG].
The sale will be carried out on the local bourse, CERP said in a statement on its website last week, without elaborating.
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Plava Laguna is one of the 18 constituents of the Crobex, the main equity index of the Zagreb bourse.
Luxembourg-based Adriatic Investment Group is the biggest shareholder in Plava Laguna with 84.24%, bourse data showed.
The shares of Plava Laguna traded 2.24% higher at 274 euro ($293) on Monday morning on the Zagreb bourse.
($ = 0.936 euro)