Pozavarovalnica Sava, d.d. completed the acquisition of additional 7.61% stake in Hoteli Bernardin d.d. for 1.5 million.
Pozavarovalnica Sava, d.d. (LJSE:POSR) made a bid to acquire additional 24% stake in Hoteli Bernardin d.d. for 4.9 million on October 29, 2018. To finance the takeover, Sava owners - Slovenian Sovereign Holding, KAD and York Fund recently injected 4.7 million into Sava. Pozavarovalnica Sava, d.d. will acquire 24% stake not yet owned by Sava or Bank Asset Management Company, Zavarovalnica Triglav and KAD fund with whom the takeover has been coordinated. Sava will pay 1.26 per share as consideration. Hoteli Bernardin d.d. had net profit of 0.89 million in 2017. The bid is set to expire on November 28, 2018.
Pozavarovalnica Sava, d.d. (LJSE:POSR) completed the acquisition of additional 7.61% stake in Hoteli Bernardin d.d. for 1.5 million on November 28, 2018.