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Croatia's Energia Naturalis grows stake in Luka Ploce to 36%

Author Iskra Pavlova
Croatia's Energia Naturalis grows stake in Luka Ploce to 36% Photo: Ivo Cagalj/Pixsell

ZAGREB (Croatia), August 16 (SeeNews) - Croatian energy and logistics group Energia Naturalis (ENNA) said on Friday it has increased its shaerholding in Adriatic port operator Luka Ploce [ZSE:LKPC] to 36% from 25.6% following a buyout bid.

ENNA, the largest single shareholder of Luka Ploce, purchased 43,947 shares at 412 kuna ($61.8/55.8 euro) each in the 28 days prior to August 7 when its buyout offer closed, it said in a filing with the Zagreb Stock Exchange (ZSE).

The newly acquired stake is equivalent to 10.4% of Luka Ploce's total capital.

The price offered in the bid was above the shares' nominal value of 400 kuna apiece.

Luka Ploce shares last traded on the ZSE on Wednesday, closing 2.44% lower at 410 kuna in a volume of 51 units. The bourse was closed on Thursday as Croatia marked Assumption Day.

The port operator said last month its consolidated net profit soared to 10.9 million kuna in the first half of 2019 from 1.1 million kuna a year earlier.

ENNA said earlier that its net profit fell to 153 million kuna last year from 189 million kuna in 2017.

ENNA manages some 20 companies within its group. It is doing business in many sectors, primarily distribution and supply of natural gas, trading in oil products, renewable energy sources, spreading all the way to information technology, transport and investments. The list of ENNA companies includes Prvo Plinarsko Drustvo (PPD) group, which is active in the import, sale, supply and distribution of natural gas.

(1 euro = 7.38767kuna)