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Podravka Acquires Majority Stake in Žito

Ljubljana, 21 April - Croatian food group Podravka acquired a 51.55% stake in Žito, one of Slovenia's biggest food companies, for EUR 33m or EUR 180.1 per share on Tuesday, a price described by the Slovenia Sovereign Holding (SSH) as "good".

Ljubljana
Podravka chairman Zvonimir Miršić (left) and Žito CEO Janez Bojc (right) share hands as Podravka acquires a majority stake in the food company.
Photo: Anže Malovrh/STA

Ljubljana
Podravka chairman Zvonimir Miršić.
Photo: Anže Malovrh/STA

Zagreb, Croatia
Croatia's Podravka acquires Slovenia's bread and pasta producer Žito.
Photo: Hina/STA

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