Croatian Businessman Sells 20.48% Stake in Slatinska Banka

Slatinska ranked 21st among the 37 banks operating in Croatia in 2005.

15:27 - 11 January 2006 - Croatian businessman Ante Simara sold 20.48% of the equity capital of the country's Slatinska Banka, announced the Varazdin Stock Exchange (VSE).


The president of the bank's supervisory board Ante Simara sold 2,951 ordinary shares of the issuer Slatinska Banka through transactions on the Varazdin bourse. Slatinska's ordinary shares traded in relatively high turnovers on the VSE, in the last few days without any important price changes. The bank's ordinary share closed at 970 kuna (131.2 euro) on Tuesday, down 1.55% on a turnover of 710,900 kuna on the VSE.
Furthermore, three companies owned by Simara - Lustrin, Centar Prom and Sloper - had sold a combined of 28,428 shares in Slatinska Banka. The 20.48% stake of the bank's equity capital sold in the separate transactions on the VSE equals to 27.36% of the voting rights.

Slatinska ranked 21st among the 37 banks operating in Croatia in 2005.

(1 euro=7.3950 Croatian kuna)

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