The Group concluded an agreement on sale of the Sports and Functional Food Business Unit for an undisclosed amount.

Atlantic Group published a document in which they state that they have concluded an agreement with German Genuport on sale of the Sports and Functional Food Business Unit, which includes brands such as Multipower, Champ, Multaben. The sale represents the continuation of Atlantic’s disinvesting strategy in the non-core business operations, which was earlier announced and within which the sports and functional food’s production plants had already been previously disinvested to the Belgian Aminolabs.

The sale of the Sports and Functional Food Business Unit was done for an undisclosed amount. Note that in 2018 that segment accounted for HRK 133.7m, which represents 2.5% of the total sales of Atlantic Group.

At the current share price, both dividend yields amount to 2%.

Imperial and Hoteli Makarska, subsidiaries of Valamar, published documents in which they proposed dividends of HRK 17 and HRK 5 per share, respectively. At the current share price, both dividend yields amount to 2% (compared to the share price a day before the announcement).

Ex-dividend date for Imperial is 22 May 2019, while for Hoteli Makarska ex-dividend date is 21 May 2019.

Note that Valamar together with AZ pension fund owns 89.28% of shares of Imperial and 85.9% of shares of Hoteli Makarska.