December 30 (SeeNews) - Croatian diversified holding company Adris [ZSE:ADRS] plans 3.2 billion kuna ($470 million/425 million euro) investments until 2024, local business daily Poslovni Dnevnik reported on Thursday.
Investments in tourism sector will account for 80% of the total, or 2.5 billion kuna, Poslovni quoted the company's spokesperson Predrag Grubic as saying in an interview with state-owned news agency Hina.
Company officials were not immediately available to comment for SeeNews on their investment plans.
Annually Adris will invest more than 800 million kuna in tourism, mostly in renovation of two elite hotels in Zagreb and one in Split. It will also continue investments in its holiday villages.
In the insurance sector, its insurance arm, the country's top insurer Croatia Osiguranje [ZSE:CROS] plans 410 million kuna investments, primarily in digitalisaton.
Adris plans to invest 230 million kuna in its unit for healthy food, Cromaris, until 2024
The rest of 37 million kuna will be invested to maintenance of its other capacities.
The shares of Adris last traded on the Zagreb bourse on Wednesday, when its blue-chip preferred shares advanced 0.24% to end at 418 kuna as 56 shares changed hands and its ordinary shares dipped 0.43% to end at 460 kuna as 511 shares changed hands.
Croatia Osiguranje's ordinary shares shares last traded on December 22, ending unchanged at 7,000 kuna, while its preferred shares last traded on November 11, ending flat at 7,000 kuna.
(1 euro=7.524 Croatian kuna)
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