Croatia’s Zeljezara Split 9-mo Net Loss Widens to 79.6 Mln Kuna (10.9 Mln Euro) - Table

The company issued the following details in a statement to the Zagreb Stock Exchange (ZSE) on Monday:

Poland’s Zlomrex bought 89.34% of the indebted Croatian steelworks for 10.1 million kuna from the government in Zagreb in 2007 and later increased its stake to 95.86%.

In October Croatia said it will cancel the deal with Zlomrex by mutual consent and will launch a new privatisation tender.

The new tender procedure should be completed by the end of December.

Zeljezara Split shares were last traded on November 20, closing unchanged at 250 kuna.

(1 euro=7.3084 Croatian kuna)