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Croatia's Valamar Riviera increases own shareholding to 3%

Croatia's Valamar Riviera increases own shareholding to 3% Baska. Author: Valamar. License: All rights reserved.

ZAGREB (Croatia), December 3 (SeeNews) - Croatian hospitality group Valamar Riviera [ZSE:RIVP] said on Tuesday it has increased its own shareholding to 3.0795% of the issued capital.

On November 29, the company bought back 17,197 of its own shares, representing a stake of 0.0136%, and a further 7,672 shares on December 2, representing a 0.0061% stake, Valamar Riviera said in a filing to the Zagreb Stock Exchange (ZSE).

Following the transaction, the company holds 3,881,042 of its own shares.

Valamar's shares traded flat at 38.20 kuna by 1234 CET on Tuesday.

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 = 7.43853 kuna)