January 31 (SeeNews) - Croatian detergent and cosmetics producer Saponia [ZSE:SAPN] and local wafers and biscuits maker Koestlin [ZSE:KOES] said they are in talks with a potential buyer for the sale of their combined stake of 98.25% in local beverages producer Maraska [ZSE:MRSK].
"The negotiations have not been completed yet but they are certainly expected to end by the signing of a sale and purchase agreement," the two shareholders said in separate statements on Thursday.
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They did not provide the name of the potential buyer.
In the transaction, Saponia will be selling its 52.90% interest in Maraska, while Koestlin divest its 45.35% stake in the beverage firm.
Saponia shares traded up 3.57% at 348 kuna ($52/47 euro) by 11:40 CET on Friday on the Zagreb Stock Exchange.
Maraska's shares last traded on the Zagreb bourse on November 21, 2008, jumping 8.33% to 130 kuna. Koestlin's stock last traded on November 27, 2019, closing flat at 480 kuna.
(1 euro = 7.44368 kuna)