Triglav: No Expansion in Croatia

Businessn.a. ♦ Published: November 11, 2013; 20:16 ♦ (Vindobona)

The biggest Slovenian insurance company planned to increase its stake in Croatia Osiguranje. Croatia´s government rejected Triglav´s offer.

Triglav: No Expansion in Croatia / Picture: ©

In order to reduce the excessive deficit partially, Croatia´s government has decided to privatize publicly held assets. The insurance group Croatia Osiguranje and HBP (Hrvatska poštanska banka) are the most valuable privatization targets. Croatia´s government intends to keep the blocking minority in both companies.

Little more than the majority share will be sold of the…