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Croatia's Valamar Riviera buys back own 13,620 shares

Croatia's Valamar Riviera buys back own 13,620 shares Photo: Valamar

ZAGREB (Croatia), November 8 (SeeNews) - Croatian hospitality group Valamar Riviera [ZSE:RIVP] said on Friday it has increased its own shareholding to 2.9484% of the issued capital.

On November 6, the company bought back 3,864 of its own shares, representing a stake of 0.0030%, and a further 9,756 own units the following day, representing a 0.0077% stake, Valamar Riviera said in a filing to the Zagreb Stock Exchange (ZSE).

Following the transaction, the company holds 3,715,816 of its own shares.

Valamar's shares traded 0.53% lower at 37.70 kuna by 1040 CET on Friday, after closing 0.26% down on Thursday.

The hotel operator owns five brands: Valamar Collection, Valamar Collection Resorts, Valamar Hotels and Resorts, Sunny and Camping Adriatic. Valamar Riviera operates 34 hotels and resorts and 15 camping resorts in several attractive destinations along the Adriatic coast – from Istria and the islands of Krk and Rab to Dubrovnik.

(1 euro = 7.39662 kuna)

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