Croatia
Posted Tue, 31/08/2010 - 23:57
After ordering the sale of fuel retailer Corbenz last year, Croatia's anti-trust agency has approved Russia's Lukoil as the purchaser. AZTN originally ordered the sale after Corbenz' largest shareholder increased its stake to 47%, making their total interest in Croatia too large in combination with similar holdings.
Posted Wed, 21/04/2010 - 21:24
Acting on a request from its nation's government, Croatian oil company INA has agreed to sell the Crobenz petrol chain to Progress Trading of Slovakia, associated to Slavia Capital. The government request was issued by the Croatian anti-trust agency after MOL increased its INA stake to 47% last year, making the company's total market share too large when combined with another retail petrol operation it owns. The investment marks the first step in Progress Trading's planned expansion into the Balkans.
Posted Thu, 14/01/2010 - 22:50
Konzum, the Croatian supermarket chain and subsidiary of Ivica Todoric's Agrokor, has sold 100% of its Kozmo operations to private open-end investment firm Nexus Alpha. Though little is known about the deal, there is speculation that Todoric put the retail drugstore chain on the block due to difficulties in remaining competitive with Drogerie Markt (DM), Croatia's industry leader with a quarter of the total market share.
Posted Sun, 18/10/2009 - 20:25
Anheuser-Busch InBev (ABI) continues to make good on its divestiture plans by announcing it has signed an agreement to sell its Central European operations to CVC Capital Partners. CVC will purchase the assets for roughly $2.2 billion with a commitment to make a future $800 million payment if it recovers the initial investment.
Posted Tue, 22/09/2009 - 23:41
Polish steel producer Zlomrex has divested itself from troubled Croatian subsidiary Zeljezara Split, selling its 95.86% stake to British firm Carlson Private Equity Limited. The deal was signed by both parties earlier in the month transferring more than 220,000 shares of stock to Carlson.
Posted Thu, 06/08/2009 - 10:20
Nexus ALPHA, the initial fund of Croatian firm Nexus Private Equity, has announced the completion of its first investment; expansion capital provided to Promotehna d.o.o. The new capital will allow the automotive equipment and products distributor expand its business while also strengthening its market position.
Posted Mon, 04/05/2009 - 00:00
Independent media in Eastern Europe is taking a step forward as the EBRD announced it is investing in the eastern European operations of the WAZ Media Group. EBRD's equity investment for a stake in the WAZ operations could be as much as €40 million. The WAZ Group's work in developing high quality, professional, and politically and economically independent media in Eastern Europe fits into the ERBD's mandate to encourage sustainable economical development in the region.
Posted Thu, 30/10/2008 - 01:00
Nexus Private Equity Partners announced that it has raised EUR 35.8 million (HRK 254.5 million) for its first private equity fund, Nexus ALPHA.
Posted Mon, 07/07/2008 - 00:00
Croatia's financial group Proficio has sold a majority share in Net.hr to Czech Republic based Centrum Holdings for an undisclosed price. Centrum Holdings acquired 75% of the shares in Net.hr, while Proficio has retained 25% and will continue to help develop the online portal.
Posted Tue, 08/04/2008 - 00:00
Vienna Capital Partners increased its stake in NCL Media Grupa to 75%. The transaction was co-financed by the South-German publisher DDr. Alex Diekmann as a private investment.
Posted Fri, 07/03/2008 - 01:00
Marfin Investment Group signed an agreement with the shareholders of Croatian Sunce Koncern d.d. for the acquisition of a controlling equity interest in the company.
