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Croatia's Valamar Riviera repurchases 18,108 shares

Croatia's Valamar Riviera repurchases 18,108 shares Source: Pixabay

ZAGREB (Croatia), November 12 (SeeNews) - Croatian hospitality group Valamar Riviera [ZSE:RIVP] said on Tuesday it has increased its own shareholding to 2.9628% of the issued capital.

On November 8, the company bought back 10,213 of its own shares, representing a stake of 0.0081%, and a further 7,859 shares on November 11, representing a 0.0062% stake, Valamar Riviera said in a filing to the Zagreb Stock Exchange (ZSE).

Following the transaction, the company holds 3,733,888 of its own shares.

Valamar's shares traded 1.05% lower at 37.60 kuna by 1247 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 = 7.44450 kuna)