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.