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Croatia's Olympia Vodice plans to delist from Zagreb Stock Exchange

Author Iskra Pavlova
Croatia's Olympia Vodice plans to delist from Zagreb Stock Exchange Olympia Sky

ZAGREB (Croatia), October 28 (SeeNews) - Croatian hotel operator Olympia Vodice [ZSE:OLVD] said it plans to delist its shares from the Zagreb Stock Exchange (ZSE).

The company did not provide a reasons for the planned delisting in a statement filed with the ZSE on Friday.

It said the proposal will be put to vote at an extraordinary shareholders meeting to be held on November 27.

Local businessman Josip Stojanovic holds a 93.53% stake in Olympia Vodice, ZSE data showed on October 28. The government's centre for enterprise restructuring and privatisation, CERP, follows with 3.18%, while the remainder belongs to smaller shareholders, mostly private individuals.

Back in 2017, the company opened its new four-star Olympia Sky hotel worth 172 million kuna ($26 million/23 million euro) in the seaside town of Vodice, offering 130 rooms and 19 apartments. It also runs the Olympia Vodice hotel, which offers 215 rooms and 26 suites.

The company's shares last traded on ZSE on October 14, closing flat at 68 kuna.

(1 euro= 7.45336 kuna)

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