Istrabenz Goes Public

Istrabenz Oil Company from Koper is to begin its public sale Friday, allocating 55 per cent of the company's public property with the estimated value of SIT 4.471 billion to be sold for cash and privatization certificates. 13.33 per cent share of the Istrabenz group, whose nominal share stock was estimated in 1993 to amount to SIT 5.18 billion, is to be kept by the state; internal distribution and workers and management buyout have already been completed, while the public sale is to continue until 4 March.

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