One common share of Rovinjturist will be swapped for 6.900161698 of Maistra’s shares after Adria Resorts, owner of both companies, said it will give up a stake in Maistra to enable the share swap, Erste Securities said in a statement late on Thursday.
The date of the transaction is yet to be disclosed, the statement said.
Adria Resorts is a tourism strategic business unit within blue-chip tobacco and tourism company Adris Grupa.
($=0.6878 euro)