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Croatia's Adria Resorts completes merger into Adris Grupa

Author Iskra Pavlova
Croatia's Adria Resorts completes merger into Adris Grupa Author: Adris Grupa. License: All rights reserved.

ZAGREB (Croatia), December 2 (SeeNews) - Croatian hotel operator Adria Resorts has completed its merger into its parent Adris Grupa [ZSE:ADRS], the diversified holding company said.

The decision of the commercial court in Pazin for the entering of Adria Resorts into the court registry as a company merged into the group has been received on November 29, Adris Grupa said in a filing with the Zagreb Stock Exchange (ZSE) on Friday.

The merger contract was signed on September 10.

Croatian national Ante Vlahovic is the largest single shareholder in Adris Grupa with a 17.17% stake, followed by the owner of a custodian account in Zagrebacka Banka controlling 10.91%. The remainder belongs to smaller shareholders, bourse data showed on December 2.

Adris Grupa's shares last traded on the ZSE on Thursday, closing 0.88% higher at 570 kuna ($84/77 euro). The shares did not trade at opening on Monday.

(1 euro = 7.43943 kuna)