Kutjevo D.D. (ZGSE:KTJV-R-A) said on November 16, 2016 it is interested in participating in the potential privatisation of Badel 1862 d.d. (ZGSE:BD62-R-A). Kutjevo has sent a letter of intent to Croatia's ministries of economy and state property, expressing its interest in taking part in Badel's privatisation - if and when it occurs, Kutjevo said in a filing with the Zagreb bourse. Kutjevo, however, denied local media reports which claimed it has sent an offer for the purchase of a stake in Badel.