February 14 (SeeNews) - Polish investors OT Logistics and venture capital fund Rubicon Partners are expected to exit Croatian port operator Luka Rijeka, Croatian business daily Poslovni Dnevnik media reported on Tuesday.
OT Logistics signed a conditional preliminary agreement with Czech company Port Acquisitions earlier this month to sell their combined shareholding interest in the Croatian company for 26.3 million euro ($28.2 million), business daily Poslovni Dnevnik reported.
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The deal is expected to be finalised by March 23, according to Poslovni. By the time this story was published, OT Logistics and Rubicon have not responded to emails by SeeNews seeking comment about the planned transaction.
OT Logistics has been a strategic partner of Luka Rijeka since 2015, when it became its largest shareholder. In 2021, OT Logistics sold 17.5% of its stake in Luka Rijeka to Rubicon Partners, which since then has been the second largest shareholder in Luka Rijeka, the daily reported.
The Croatian government is the largest shareholder in Luka Rijeka with 25.02%, while OT Logistics owns 7.87% interest, according to data from the Zagreb Stock Exchange (ZSE).
Luka Rijeka's shares traded 12% lower intraday on Tuesday on the ZSE, at 7.70 euro.
($ = 0.931euro)