Croatian power transmission equipment maker Dalekovod, said on Tuesday it has finalised the sale of its Dalekovod TIM
unit to Pula-based Signal Sistem.
Dalekovod said in a bourse filing it
has sold to the buyer 254,056 shares of Dalekovod TIM, which manufactures
expanded metal products, with a combined nominal value of 25.4 million kuna
($3.7 million/3.3 million euro).
Dalekovod manufactures transmission
lines, substations, low-voltage network equipment, fibre-optic cable equipment,
suspension and jointing equipment, contact networks, lighting and reflector
pylons, metal structures and antenna pylons.
The company turned to a
consolidated net profit of 128 million kuna last year from a loss of 123 million
kuna a year earlier.