Owned by the Czech billionaire Radovan Vitek, the Prime Tourist Resort company based in Cyprus announced on Monday a change in the offer for the takeover of Sunčani Hvar stock, raising the price per stock from 21.37 to 24 Kuna
The final value of the stock on the Zagreb Stock Exchange on Friday was 23.93 Kuna, Tportal.hr wrote on July 12, 2016.
During spring of this year Prime Tourist Resort announced it controls a 61.95% share of stocks in the Hvar island hotels, followed by an offer to take over the rest of the shares.
The state attempted to sell its share in Sunčani Hvar at a Zagreb Stock Exchange auction last month at 28 Kuna, but there were no takers, while it is still not clear how the state will respond to selling its share considering the technical government status.
The state package offered for sale on June 13 holds 5.8 million shares or 29.94% in Sunčani Hvar, with stocks bought only as a whole with the starting price of 162.77 million Kuna.
The owner of CPI Property Group Radovan Vitek is evaluated by Forbes magazine at 1.71 billion USD and holds 959th place in the world rankings, third in his homeland, Czech Republic.
