Crikvenički Jadran preselects 40.63 million euro recapitalization offer

The management of Crikvenički Jadran has preselected a binding offer for recapitalization from a consortium consisting of Aminess, Feal In, and Texp Molior. To execute the transaction, the consortium members have established a company named Adriatic Resorts Group d. o. o., which would act as the investor and subscriber of new shares.

The proposal involves increasing the share capital of Crikvenički Jadran by issuing 32.5 million new ordinary shares at a price of 1.25 euros per share, totaling a payment of 40.63 million euros. Upon successful completion, the investor would acquire approximately 53.74 percent of the shares and voting rights in the company.

The funds raised are intended to finance investment projects, portfolio renovation and development, operational improvements, and the strengthening of financial stability and liquidity. The consortium has also presented a development program focused on asset repositioning, revenue increases, commercial optimization, and applying expertise in hotel management and tourism real estate development.

The transaction remains subject to approval by the general assembly and the fulfillment of other conditions specified in the transaction documentation. The investor is required to secure its obligations by paying a deposit of 4.06 million euros, representing 10 percent of the total offer value.