Foreign food company invests in Podravka?

The biggest individual package of shares of Podravka - 10.6%, which is currently in the possession of OTP Bank, will soon have the new owner, Jutarnji List daily paper writes.

The newspaper learns from domestic investment circles that the OTP transaction, worth about HRK 190 million, will be executed by broker dealers from Zagreb-based Interkapital. Allegedly, the new co-owner, which will get a position in the Supervisory Board of the Koprivnica-based company, will be a foreign food company.

People at Podravka did not want to give any comment on the information about the new co-owner, but they unofficially confirmed that they would soon meet with the OTP officials to talk about further steps. An information on the Podravka's business results for the first two months of this year has leaked from the circles close to the company's Supervisory Board, which may be a case for Hanfa since the Koprivnica-based company should first publish such data on the Zagreb Stock Exchange.