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Croatia's Saponia raises stake in local beverages producer Maraska to 52.9%

Author Iskra Pavlova
Croatia's Saponia raises stake in local beverages producer Maraska to 52.9% Photo: Saponia

ZAGREB (Croatia), September 5 (SeeNews) - Croatian detergent and cosmetics producer Saponia [ZSE:SAPN] said it has raised its stake in local beverages producer Maraska [ZSE:MRSK] to 52.9% after acquiring the 20.58% shareholding of its wholly-owned Austrian subsidiary Dalmatien Beteiligungs.

The transfer of the stake in Maraska came as a result of Dalmatien Beteiligungs' merger into Saponia, through which Saponia took over all its assets and liabilities, Saponia said in a Zagreb bourse filing earlier this week.

Osijek-based Saponia and Klagenfurt-based Dalmatien Beteiligungs signed their merger agreement back in July 2018.

Croatian firm Mepas controls 87.3% of Saponia, while the remainder belongs to smaller shareholders.

Saponia shares did not trade on Thursday, after closing flat at 212 kuna ($31.7/28.6 euro) on Wednesday.

Maraska last traded on the Zagreb bourse on November 21, 2008, jumping 8.33% to 130 kuna.

Croatian wafers and biscuits producer Koestlin controls 45.35% of Maraska, while the remainder, after Saponia's 52.9% stake, belongs to smaller shareholders.

(1 euro = 7.40241 kuna)

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