Valamar Riviera has signed an agreement on the sale and transfer of shares in Hotel Makarska

first_imgToday, Valamar Riviera signed an agreement with the Center for Restructuring and Sales (CERP) on the sale and transfer of 621.086 shares of Hotel Makarska dd at a total price of HRK 172,7 million. After the payment of the contract price and the transfer of shares, Valamar Riviera will acquire a total of 55,48% of the share capital and the predominant influence in Hotels Makarska.The signing of the contract with CERP for Valamar Riviera created an obligation to publish an offer to take over the remaining shares of Hotel Makarska, which it will publish in the manner and within the deadlines provided by law. In this procedure, Valamar Riviera acts jointly with AZ mandatory pension funds, with which a joint action relationship has previously been established with the Hotel Makarska ddFollowing the acquisition of shares from CERP, Valamar will transfer the shares of Hotel Makarska to AZ mandatory pension funds, which represent 30,48% of the share capital of Hotel Makarska dd „Hotels Makarska is a successful company that we will continue to develop in cooperation with AZ mandatory pension funds in the interest of employees, shareholders, local community and all other stakeholders in tourism in Makarska”Said Ivana Budin Arhanić, Vice President for Business Development and Corporate Affairs at Valamar Riviera.The portfolio of Hotel Makarska dd consists of hotel Meteor 4 * with 277 accommodation units, hotel Dalmacija 3 * with 190 accommodation units and hotel settlement Riviera 2 * with 258 accommodation units, which represents 43% of the total offer of accommodation units in hotels in the City of Makarska.