Rijeka, Croatia (PortSEurope) September 13, 2017 – Croatia’s government saw its stake in the capital of Luka Rijeka d.d., the operator of Rijeka port, decline to 25.02% after Polish group OT Logistics S.A. completed the acquisition of 11.75% shareholding interest in the company.
The government controlled a 36.78% stake before the sale of 1,584,124 Luka Rijeka shares on September 5. As a result, OT Logistics lifted its stake in Luka Rijeka above the 25% threshold above which the country’s regulation envisages an obligatory takeover bid.
OT Logistics held a 20.81% stake in Luka Rijeka before the acquisition of the 11.75% shareholding interest for HRK 79.2 million ($12.7 million/€10.7 million).
Source: Zagreb Stock Exchange
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