Ivica Pivac, the CEO of Meat Industry Braća Pivac, confirmed to Lider that the company has purchased shares of Podravka. In response to our inquiry, Pivac emphasizes that the company from Vrgorac is strongly oriented towards the food industry in its business and investments, where its owners see the greatest value.
– As certain quantities of Podravka shares appeared on the market, and at this moment we have excess capital, we made a business investment decision regarding the profitability of their purchase at the current price level. Podravka is a respectable company with a long tradition and recognizable products, therefore we consider this investment a good business opportunity – stated Ivica Pivac for Lider.
It has already been reported that MI Braća Pivac has purchased more than 150,000 shares of Podravka on the stock exchange in recent days, valued at 90 million kuna, making them one of the 10 largest owners of Podravka. However, as another 44,000 shares were sold in the last two days, it is assumed that they were also purchased by the Vrgorac meat industry. Nevertheless, Ivica Pivac did not wish to comment on that information.
In a telephone conversation, he did not want to discuss further plans regarding Podravka, noting that this is just a small share of the total number of shares. In response to our remark that they have also started buying shares of Kraš, Pivac replied that they have been purchasing them for years and that he really cannot speak about plans.
