According to the writing of Croatian media, Croatia’s Government has decided to go through another round of privatisation which will include 90 companies, among the will also be some of the largest listed companies in Croatia.

According to the writing of Croatian media, Croatia’s Government has decided to go through another round of privatisation which will include 90 companies. The process will take part in three phases with the first one occurring as soon as September, while the second one will follow by the end of the year. Meanwhile, the final phase of the privatization process is scheduled to occur sometime next year. However, one should note that the Government only intends to sell their share in companies in which they hold a very small minority stake, usually a low single digit percentage.

Among the companies whose share are expected to be sold in the first phase one also find some major tourist companies such as Arena Hospitality where the Government holds an 0.77% share. Another major company whose shares are expected to be sold is HT, where the Government holds a 1.5% share which, at current prices, would result in a sale worth HRK 200m.