November 14 (SeeNews) - Croatian construction company Tehnika [ZSE:THNK] said that Zagreb-based Luxury Real Estate has acquired a 20% stake in its capital from its affiliate Tehnika ESOP for an undisclosed price.
Tehnika made the announcement in two separate statements filed to the Zagreb Stock Exchange on Thursday.
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Luxury Real Estate acquired 37,891 Tehnika shares and thus became the new largest single shareholder of the construction company.
Tehnika's shares closed 6.6% higher at 202 kuna ($31/27 euro) on Thursday.
(1 euro = 7.39472 kuna)