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Croatia's Agram Invest acquires 9.8% of Agrokor unit Vupik

Croatia's Agram Invest acquires 9.8% of Agrokor unit Vupik oticki/Shutterstock.com

ZAGREB (Croatia), April 12 (SeeNews) - Croatian investment company Agram Invest has acquired a 9.8% stake in agricultural conglomerate Vupik [ZSE:VPIK-R-A], a member of highly indebted concern Agrokor, Vupik said in a statement on Wednesday.

Agram Invest has acquired 475,000 ordinary shares in Vupik, the company said in a filing with the Zagreb Stock Exchange.

Vupik's shares have dropped sharply since Agrokor entered serious financial troubles earlier this year.

At 15:49 CET, they traded at 24.5 kuna ($3.5/3.3 euro), down 25.83% from Tuesday's close.

According to bourse data, Agrokor holds a 7.26% stake in Vupik.

Earlier today, bourse data showed that Agram Invest has acquired a 13.84% stake in food company Belje, another unit of ailing Agrokor.

(1 euro=7.44022 kuna)

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