The company participated with HRK 22.8m, acquiring 2.28m shares.

Valamar participated in Helios Faros capital increase with HRK 22.8m, acquiring 2.28m shares. Helios Faros will increase their share capital by HRK 91.2m by issuing 9.1m new shares, of which the remaining 6.84m shares will be acquired by PBZ Croatia osiguranje pension fund management company.

Upon the increase of the share capital, Valamar will hold 23.61% of shares and PBZ CO will hold 70.83% of shares of Helios Faros.

With this increase of the share capital, preconditions for the Helios Faros emergence from bankruptcy will be obtained. The partnership of Valamar and PBZ CO will lead to the new phase of the tourism development in Stari Grad on the island of Hvar.