The state-run Pension Management Fund (KAD) sold Thursday its 10.11-per-cent stake in newspaper publisher Dnevnik to newspaper distributor Delo Prodaja. The deal netted KAD EUR 5.4 million as the stake was sold at EUR 160 per share, up from the initial EUR 110. Delo Prodaja managed to outbid Austrian media company Styria Media International at the sale. Styria Media International already owns 26 per cent of the daily.KAD chairman Tomaz Toplak said that the deal was carried out in a professional and transparent manner and that all bidders were treated on an equal basis. Other major owners of Dnevnik include a joint venture between the Slovenian publishing house DZS and German media conglomerate WAZ, which holds a 51-per-cent stake, and newspaper publisher Vecer (6.5 per cent). According to a survey on Slovenias largest dailies, commissioned by broadsheet Delo in late November, tabloid Slovenske novice leads with 90,200 copies sold, followed by Delo with 66,000 copies, Dnevnik with 47,000 and Vecer with 43,700 copies. (LJSE)