Podravka shares in higher demand due to negotiations with MK?

Over the last few weeks shares in Croatia's Podravka have been attracting greater interest, a reason for which may be negotiations on cooperation with MK Group, Seebiz reports saying that the shares of that company have been acquired by the chairman of its Managing Board.

Pension funds as well have been actively buying Podravka shares in the past few weeks, and Podravka Managing Board Chairman Zvonimir Mrsic acquired 372 common shares of Podravka on the Zagreb Stock Exchange on Wednesday. Mrsic spent somewhat less than HRK 100,000 (about EUR 13,000) on those shares.

Citing a source close to the top management of Podravka, the Zagreb daily Jutarnji List reported Wednesday that Mrsic and MK Group's owner Miodrag Kostic were negotiating the production of Podravka products in MK Group's facilities in Serbia.