March 14 (SeeNews) - Croatian hotel operator Valamar Riviera [ZSE:RIVP] said on Wednesday it has increased its own shareholding to 1.4537%, after purchasing 0.0046% of its own shares on March 8.
The company purchased a total of 5,852 of its own shares last week, lifting its shareholding to 1,832,121 of its own shares, Valamar said in a Zagreb bourse filing.
The company provided no additional details.
Valamar Riviera owns two brands: Valamar Hotels and Resorts and Camping Adriatic. With the acquisition of Imperial in 2016, a hotel group on Rab Island, Valamar Riviera Group now operates 30 hotels and resorts and 15 camping resorts in five attractive destinations along the Adriatic coast – from Istria and the islands of Krk and Rab to Dubrovnik.
Tourism is a key industry for Croatia, generating around a fifth of the country's gross domestic product.