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After Croatian retailer Agrokor moved to buy Slovenian rival Mercator and insurer Croatia Osiguranje bought Slovenian competitor Triglav, Croatian investors have now set their sights on insurance firm Sava Re.
Two banks, NKBM and Abanka, have already sold 8 per cent of the firm’s shares, reports Dnevnik, adding that Croatia’s "nouveau riche" are now taking advantage of the lack of liquidity caused by the financial crisis, ongoing political uncertainty in Slovenia and efforts to break up big companies.
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