Petrokemija Stock Soars After Sale Announcement: Zagreb Mover

Shares in Petrokemija d.d., Croatia’s largest fertilizer manufacturer, soared 19 percent in two days to 272 kuna per share at 2:09 p.m. in Zagreb, after Deputy Prime Minister Radimir Cacic said on March 25 that the state-owned facility will be sold.

The stock price for the Kutina, Croatia-based plant was the highest since Jan. 30, 2008.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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