TUI AG acquired 50% stake in Punta Zlatarac Tucepi d.o.o. from Hoteli Tucepi d.d. (ZGSE:HTCP) for an enterprise value of €31.5 million on November 10, 2017. The enterprise value of €31.5 million includes debt of Punta Zlatarac Tucepi d.o.o. Sunce Koncern d.d., parent of Hoteli Tucepi d.d., will use the proceeds from the deal to refinance existing debts.

TUI AG (XTRA:TUI1) completed the acquisition of 50% stake in Punta Zlatarac Tucepi d.o.o. from Hoteli Tucepi d.d. (ZGSE:HTCP) on November 10, 2017.