Tankerska Plovidba Begins Zadar Turisthotel Company Takeover

Lauren Simmonds

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As Poslovni Dnevnik writes, after taking over the largest individual share of 24.5% of the share capital in the Zadar tourism company in November last year, Tankerska plovidba is now starting the Zadar Turisthotel takeover process.

The company submitted a notice to the Zagreb Stock Exchange about the emergence of the obligation to announce the offer for the takeover of the Zadar Turisthotel company, by concluding an agreement on the transfer of shares with five shareholders of Turisthotel on January the 18th, 2023. Tankerska plovidba thereby acquired another 14.61% of the company’s share capital, seeing them reach a total ownership share of 39.34% of the company’s capital.

As was stated in the notification, the subject of the takeover offer will be all registered shares of the Target Company, series A, with an individual nominal amount of 580.00 kuna (76.98 euros).

It’s worth noting that just one month ago at the open day for shareholders, the Zadar Turisthotel company announced investments of 113 million euros over the next five years, primarily in the renovation and construction of new accommodation facilities and other entertainment facilities.

The new investment cycle of the Zadar Turisthotel company will include the additional improvement and the raising of the quality of their existing facilities, new catering, hospitality and entertainment facilities, the complete revamping of the main street within the resort itself, the reconstruction of the remaining apartments from 3 to 4 stars, the construction and introduction of new facilities and content, and last but by no means least – the Aenona Park project, which includes a new campsite, hotel, sport and entertainment facilities in the northern part of the settlement in Zaton.

In the City of Zadar, there are also plans to build a new hotel located within the city’s very heart on the site of the former Pobjeda (Victory) cinema, and to convert the Boutique Hostel Forum into another new hotel. According to those plans, Turisthotel will annually invest approximately 22 million euros into these and other new projects.

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