All 576,880 shares offered, or 10.64 per cent, of the Koprivnica-based food company Podravka have been sold at an average price of 312.87 kuna per share by accepting 38 winning bids, the investment company Interkapital announced on Tuesday.
The block of shares in question was mentioned in an anti-corruption scandal known as Spice. The shares were registered with the firm Fima Ami and were given as collateral for a loan with the Hungarian OTP Bank. Interkapital was selling them by order of Capital Trust Company Limited of London and OTP Bank of Budapest.
Interkapital said that 109 valid bids had been submitted for the purchase of more than 1.3 million shares, or 2.3 times more than the amount of shares offered.
The biggest block of shares sold had 108,400 shares and was sold at the highest price of 331.10 kuna per share, while the lowest price was 295 kuna and several blocks were sold for that price, including the smallest block of 1,133 shares.
Over 75 per cent of the shares were purchased by domestic compulsory pension funds.
