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Valamar shows interest in acquiring Dubrovnik hotel chain

Written by  Jun 16, 2016

The largest tourism company in Croatia, Valamar Riviera, held its first investors day on the 9th of June gathering around 50 stock holders, bank representatives and potential investors. The new corporate strategy until 2020 was presented by Zeljko Kukurin, the president of the Valamar Board, reported

‘’Valamar Riviera is a stock company with over 21,000 stock holders and institutional investors from Croatia and these projects fully fit into our business model. By using the synergy of our professional management and financial strength with the value of destinations we believe we could be a good partner to the state and local communities in the further development of this tourist asset’’, said Kukurin.

A few weeks ago the Restructuring and Sale Centre (CERP) in Croatia invited bidders with non-binding offers to submit their binding offers for the purchase of the state shares in the Hotel Imperial and the Hotels Maestrali till the 5th or the 11th of July 2016, reported from CERP.

This invitation came after the Governing council of CERP had determined the initial price for selling the state share in those two hotels in the beginning of May. For 50.08 per cent of the state share in the Hotel Imperial on Rab CERP has set the price of 259,9 million Kunas i.e. 816,18 Kunas per share. On the other hand, for 68.26 per cent of the share in the Hotels Maestrali in Dubrovnik the price of 109,06 million Kunas has been set i.e. 309,82 Kunas per share.

The Voice of Dubrovnik


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