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Croatia's Luxury Real Estate acquires 20% stake in Tehnika

Author Iskra Pavlova
Croatia's Luxury Real Estate acquires 20% stake in Tehnika Photo: All Rights Reserved

ZAGREB (Croatia), November 14 (SeeNews) - Croatian construction company Tehnika [ZSE:THNK] said that Zagreb-based Luxury Real Estate has acquired a 20% stake in its capital from its affiliate Tehnika ESOP for an undisclosed price.

Tehnika made the announcement in two separate statements filed to the Zagreb Stock Exchange on Thursday.

Luxury Real Estate acquired 37,891 Tehnika shares and thus became the new largest single shareholder of the construction company.

Tehnika's shares closed  6.6% higher at 202 kuna ($31/27 euro) on Thursday.

(1 euro = 7.39472 kuna)

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