You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Croatia's Liburnia takes out 11.5 mln euro ($13.4 million) loan from Sberbank

Author Annie Tsoneva
Croatia's Liburnia takes out 11.5 mln euro ($13.4 million) loan from Sberbank Photo: All Rights Reserved

ZAGREB (Croatia), September 28 (SeeNews) - Croatian hotel operator Liburnia Riviera Hoteli [ZSE:LRH-R-A] said on Tuesday that it has signed a deal to take out a loan of 11.5 million euro ($13.4 million) from Sberbank dd, part of Russian banking group Sberbank.

The loan is needed to provide working capital and medium-term liquidity, Liburnia said in a filing to the Zagreb bourse, without elaborating.

Liburnia Riviera's shares last traded on the Zagreb bourse on August 23, closing at 3,100 kuna ($483/413 euro), up 3.33%.

(1 euro = 7.503 kuna)

Compare