Croatia's Valamar boosts stake in hosiery maker Jadran

On November 24, Valamar acquired 33,031 shares in Jadran Tvornica Carapa, or 23.32% of its capital, the hosiery producer said in a filing to the Zagreb bourse.

It did not provide details about the transaction.

According to data from the Zagreb bourse, in an over the counter trading on Friday, a stake of 33,031 shares in Jadran Tvornica Carapa changed hands for 71,016 euro, or average price of 2.15 euro per share.

Local brokerage house Hita Vrijednosnice said earlier this month it called a public auction for the sale of 33,031 ordinary shares of Jadran Tvornica Carapa at an auction on November 24. The starting price for the stake was 71,016 euro ($78,000), as the bidding step was set at 660.62 euro.

The shares of Jadran Tvornica Carapa last traded in regular trading on November 2, closing flat at 1.40 euro ($1.52).The nominal value of its shares is 39.82 euro, according to data from the Zagreb bourse.

On November 10, Jadran Tvornica Carapa said its bank accounts were blocked, without disclosing the reason.

The blue-chip shares of Valamar traded 0.23% lower at 4.27 euro on Monday afternoon on the Zagreb bourse.

($ = 0.913 euro)