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Croatia's Valamar Riviera increases own shareholding to 3.1%

Croatia's Valamar Riviera increases own shareholding to 3.1% Photo: Valamar

ZAGREB (Croatia), December 11 (SeeNews) - Croatian hospitality group Valamar Riviera [ZSE:RIVP] said on Wednesday it has increased its own shareholding to 3.1183% of the issued capital.

On December 9, the company bought back 10,000 of its own shares, representing a stake of 0.0079%, and a further 9,002 shares the following day, representing a 0.0071% stake, Valamar Riviera said in a filing to the Zagreb Stock Exchange (ZSE).

Following the transaction, the company holds 3,929,961 of its own shares.

Valamar's shares traded 0.26% мдуеи at 37.90 kuna by 1316 CET on Wednesday on the ZSE.

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)