AZ Mandatory Pension Fund Buys 4 Percent of Atlantic Group

Source: seebiz.eu Tuesday, 17.05.2016. 11:10
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(Photo: atlantic.hr)
The AZ mandatory pension fund has invested some EUR 14.4 million in the purchase of nearly 4 percent of the Atlantic Group company, increasing its share in it to over 8 percent. The investment has made the AZ fund one of the biggest institutional investors in the company, increasing still further the portfolio exposure to a select group of quality domestic societies.

Commenting on the investment, AZ officials reiterated that investing in domestic companies which they assessed to have a quality management and a long-term development and growth strategy was one of the main characteristics of the fund’s investment policy.

They also stressed that, regardless of the data on the lack of liquidity of the domestic capital market, the transaction showed that nevertheless there was a high level of liquidity for select investments.

The AZ mandatory pension fund is the biggest institutional investor in the Republic of Croatia.

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