Gov't sells shares in Imperial and Suncani Hvar hotel companies

The Restructuring and Sale Centre (CERP) has unanimously decided to sell the government stake in the Imperial Rab hotel company and to accept a bid for the acquisition of the Suncani Hvar hotel company, the head of the Government Property Management Office (DUUDI), Tomislav Boban, told the press after a Cabinet meeting on Wednesday.

Boban said that the stake in Imperial had been sold to the Valamar hotel company HRK for 260 million, while the stake in Suncani Hvar had been sold for HRK 140 million.

"This amount is more than expected," Boban said.

Suncani Hvar is majority owned by the Slovak company Prime Tourist Resorts (PTR), which holds 61.92 percent of shares. In mid-June, following approval from the regulator HANFA, PTR published a bid for the acquisition of the remaining shares at HRK 21.37 per share. The bid was in the meantime changed to HRK 24 per share and was accepted by CERP today.

The government held 50.08% of shares in Imperial and 29.94% in Suncani Hvar.

Last update: Wed, 27/07/2016 - 13:40

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