Minority stake in Croatia's Atlantic Grupa changes hands in 2.6 mln kuna (345,000 euro) block deal

An overall 2,000 shares traded at 1,300 kuna each in the block transaction, ZSE data showed.

The parties to the deal were not disclosed.

Atlantic Grupa's total equity is divided into 3,334,300 shares.

Croatian businessman Emil Tedeschi owns 50.20% in the group, while the remainder belongs to smaller shareholders, mainly local pension funds, bourse data showed on December 22.

Outside the block deals, the company's shares traded up 1.55% at 1,310 kuna by 16:01 CET on Tuesday.

Atlantic Grupa is a regional distributor of fast-moving consumer goods and a producer of functional foods and supplements. It also owns a pharmacy chain in Croatia.

(1 euro = 7.53833 kuna)