Quaestus Nekretnite sold 55,735 shares, equivalent to a stake of 8.94%, Hidroelektra Niskogradnja said in a statement to the Zagreb Stock Exchange on Monday.
Two privately-held Croatian companies, Samoborka and Teleop, own 23% each in Hidroelektra Niskogradnja. The remainder is owned by individual investors.
The company’s shares fell 2.33% to 335 kuna ($69.5/46 euro) in turnover of 181,835 kuna on Monday.
(1 euro=7.2176 Croatian kuna)