June 20 (SeeNews) - MIG Leisure & Real Estate Croatia B.V. (MIG), part of Greece's Marfin Investment Group, has exited Croatian tourism company Sunce Koncern after disposing of its 49.99% stake, Sunce Koncern said on Tuesday.
MIG has sold its 2,221,530 ordinary shares in Sunce Koncern to Croatian company Sunce Ulaganja, the tourism company said in a bourse filing.
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Sunce Ulaganja is now Sunce Koncern's majority shareholder with a 67.63% stake, while consultancy firm Lucidus owns 16.37%, according to data from the Zagreb Stock Exchange.
According to earlier statements from Sunce Koncern, local businessman Jako Andabak owns directly 76% of Sunce Ulaganja and 65.1% of Lucidus.
He is thus the indirect owner of Sunce Koncern with an 84% share, the tourism co pointed out on Tuesday.
Greek firm Marfin said in a statement on its website last week that it sold the 49.99% sharehoding interst in Sunce Koncern for 43 million euro ($47.9 million).
Sunce Koncern's third largest shareholder is ERSTE d.o.o, a compulsory and voluntary pension fund management company, with a 16% stake.
MIG entered Sunce Koncern in 2008.
Sunce owns and operates 11 hotels under the Blue Sun Hotels & Resorts brand in Makarska Rivjiera, on the southern Adriatic coast, and on the Adriatic island of Brac.
($=0.897166 euro)