Arena Hospitality Group has signed an agreement on the transition to the Leading Market of the Zagreb Stock Exchange

first_imgArena Hospitality Group dd today signed a contract on the Zagreb Stock Exchange for the transfer from the Official to the Leading Market of the Zagreb Stock Exchange. We started the transformation of Arena Hospitality Group in 2016, and today’s listing is another important step forward for our company, said Reuel Slonim, President of the Management Board of Arena Hospitality Group dd, adding: “We have transformed the former Arenaturist, a society with a rich history and heritage, domestic and extremely seasonal, into an international company with a year-round business. By expanding our portfolio beyond the borders of the Republic of Croatia, we became the first Croatian hotel company listed on the Zagreb Stock Exchange, which, among other things, manages hotels in Berlin, Cologne, Budapest… I would like to remind you of June 2017, an extremely important moment for us. The first public offering of shares in the Croatian hotel sector was concluded, and the amount of HRK 788,4 million represents the largest fundraising of a Croatian company since 2007. We have invested part of the funds raised in our luxury camp dedicated to glamping offer – Arena One 99 Glamping, we continue to invest in our largest camp Arena Kažela, along with other investments that we are actively considering. ” Congratulating Arena Hosiptality Group dd, Ivana Gažić pointed out: The leading market is the most demanding market segment and we are extremely glad that Arena Hospitality Group dd decided to take this step because it also testifies to the company’s commitment to the highest principles of transparency and corporate governance. We believe that we will soon have more issuers in this segment, thus together strengthening transparency and positively affecting investor confidence, liquidity, as well as the value of the market as a whole.” The contract was signed by Reuel Slonim, President of the Management Board of Arena Hospitality Group dd, and Ivana Gažić, President of the Management Board of Zagreb Stock Exchange dd In addition to the announced investment in the Arena Kažela camp, Arena Hospitality Group will also invest in the renovation of the Hotel Brioni, which should be the first to be categorized with 5 stars. Renovation will begin in September 2019, and the estimated amount of investment is more than 160 million kuna. last_img

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