Inštitut za ekonomsko demokracijo

Kraš ESOP – The workers said no to takeover

Kraš Esop

Just a few days ago, Kraš ESOP and Mesna industrija Braća Pivac have unanomously decided not to sell the shares to the external bidder.  Kraš ESOP is one of the few ESOPs in the Ex-Yugoslavian region, if not the only one. There are around 1100 Kraš workers in the ESOP who jointly own 18,45% of the shares, and cannot sell them individually outside the trust. As employee-owners, they have a voice in strategic decisions, and were able to stop the sale, which could have helped also Adria Airways.

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