Following the implementation of the share capital increase, Valamar would hold a stake of 20% in the company, while PBZ CO would hold a 77.73% stake.

Valamar Riviera published a document on the Zagreb Stock Exchange announcing participation in the increase of the share capital of Helios Faros.

The mentioned increase is in line with the decision of the General Assembly of Helios Faros by which the share capital would be increased by HRK 139.39m. Following the increase, the company would operate with a share capital of HRK 235.96m.

Of the share capital increase, Valamar participates with the total amount of HRK 24.39m, while PBZ CO participares with HRK 114.99m.

Following the implementation of the share capital increase, Valamar would hold a stake of 20% in the company, while PBZ CO would hold a 77.73% stake.

Valamar notes that this share capital increasing is the beginning of the realization of the five-year business plan which predicts investments of HRK 692m. The investments will primarily be directed towards the reconstruction and renovation of the hotel and tourism facilities and amenities of Helios Faros under Valamar’s operating management.

As a reminder, in October this year, Valamar Riviera announced participation in a share capital increase of Imperial Riviera with the amount of HRK 106.07m. To read more about it, click here.