October 5 (SeeNews) - Croatian tourism company Mon Perin [ZSE: MONP] said on Wednesday it will launch a procedure to seek financial advisor to assist the company in the next phase of its strategic development plant.
Since the management has concluded that the time has come to implement the next phase of the company's strategic plan, it is necessary to do certain activities to determine how the plan will be carried out, Mon Perin said in a filing to the Zagreb bourse.
“The first step is the selection of a financial advisor who will help to determine the value of the company and to decide whether a strategic and/or financial investor has to be found, to what extent the company's capital will be increased in that case and under what conditions,” it added.
Bale-based Mon Perin is active in tourism, real estate and agriculture. It was set up in 2005 and has more than 900 shareholders.
Mon Perin's shares started trading on the Zagreb bourse on March 30.
The company's shares last changed hands on September 28, closing flat at 39 kuna ($5.1/5.2 euro).
(1 euro = 7.523 Croatian kuna)