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Croatia's Hotel Lapad To Ask Main Shareholders To Double Its Capital - Media

Nov 23, 2009, 7:07:42 PMArticle by Kire Nedelkovski
share
ZAGREB (Croatia), November 23 (SeeNews) – Croatia's Hotel Lapad plans to ask its main shareholders to double its share capital to 89.1 million kuna ($18 million/12 million euro), Croatian media reported on Monday.

Croatia's Hotel Lapad To Ask Main Shareholders To Double Its Capital - Media

At a shareholders' meeting scheduled for December 21 the hotel's management will propose to local civil engineering company Ingra and blue-chip shipping company Atlantska Plovidba to raise its capital from the current 44.7 million kuna, Business (www.business.hr) daily reported.

After the capital hike, Atlantska Plovidba will hold a stake of 85.9% in Hotel Lapad and Ingra will own 13.7%, Business added.

Ingra shares closed at 44.5 kuna on Monday, 1.09% down from the previous close. Shares of Atlantska Plovidba closed at 1,020 kuna, 1.92% down.

(1 euro = 7.3127 Croatian kuna)

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