Helios Faros comes out of bankruptcy: Valamar and PBZ Croatia osiguranje are investing HRK 650 million in reconstruction

first_imgHelios Faros dd has been the holder of the Starigrad tourist offer for several decades, and has been in bankruptcy since February 2016. It has the capacity of category 2 * -3 *, which includes 1,465 beds in the tourist facilities of the hotel Arkada 2 * and Lavender 3 *, apartments 2 * and camp Jurjevac. Helios Faros came out of bankruptcy, the Zagreb Stock Exchange, and the conclusion of the bankruptcy Valamar Riviera acquires full membership rights as a holder of 2.280.000 shares over the company HELIOS FAROS from Hvar. Through the partnership of PBZ CO and Valamar, which will manage the hotel and tourist facilities and facilities of HELIOSFAROS, a new phase of tourism development will begin in the Old Town on the island of Hvar. As previously announced, PBZ Croatia osiguranje dd and Valamar Riviera dd have proposed a five-year investment plan in tourist property in the amount of HRK 650 million. Through the complete renovation and construction of two high-category resorts with a capacity of about 700 accommodation units, the portfolio of Helios Farosa dd will be repositioned according to the premium offer, which will give the destination Stari Grad its attractiveness and recognizability. According to this plan, Helios Faros would employ about 500 staff after the renovation of the Arkada and Lavender hotelscenter_img Following the subscription of the share capital increase, Valamar now owns 23,61% of Helios Faros shares, and PBZ Croatia osiguranje 70,83%, while the share capital of Helios Faros has increased from today’s HRK 5,36 million to HRK 96,56 million.  All bankruptcy creditors have been settled in the procedure, so the preconditions for concluding bankruptcy proceedings against HELIOS FAROS have been met, reads the decision of the Commercial Court in Split.last_img read more

Real Madrid draw final game to send opponents Leganes out of La Liga

first_imgNewly-crowned La Liga champions Real Madrid were unable on Sunday to maintain their perfect run of results since the season re-started.They drew 2-2 at neighbours Leganes, who were relegated. Real Madrid ended the campaign on 87 points after the draw interrupted a run of 10 consecutive victories, five clear of second-placed FC Barcelona.Leganes finished 18th on 36 points, joining 19th-placed Real Mallorca and Espanyol in being relegated, while Celta Vigo, who finished on 37, stayed up after drawing 0-0 at Espanyol.Sergio Ramos headed home his 11th league goal this season to put Real Madrid in front after nine minutes.Zinedine Zidane heavily rotated his team following the 2-1 win over Villarreal on Thursday that clinched their first Liga title since 2017, and it told on their performance.Leganes levelled on the stroke of half-time through midfielder Bryan Gil, but Marco Asensio restored Real Madrid’s lead early in the second half. Roger Assale equalised in the 78th minute to give Leganes a slither of hope of survival and they needed one more goal to pull off a miraculous escape from relegation.They came agonisingly close to finding it, having a late penalty kick appeal turned down for handball against Luka Jovic after a VAR review.Oscar Rodriguez then blasted over from inside the area deep in added time, and the Madrid side dropped out of the top flight for the first time since 2016.That was when they won their maiden promotion to La Liga.“Even though we didn’t get the result we wanted, the sacrifice was worth it and we are proud to have fought until the end,” said Leganes defender Unai Bustinza. “What we have done should be seen as an example that you should never give up.”Bustinza also reflected on the fact his side lost their two main strikers at the start of the year.They were forced to sell Youssef En-Nesyri to Sevilla, and then Martin Braithwaite to FC Barcelona in February after their buy-out clauses were triggered.Bustinza added: “This year has been an uphill struggle because, as well as the lockdown period, we didn’t have that little bit of luck we needed and some very important players were taken away from us.RelatedPosts Bale completes Tottenham return from Real Madrid Tottenham sign £25m Sergio Reguilon Live stream Premier League, La Liga, Serie A on Showmax Pro this weekend “But we’ll do our best to get back up.”Reuters/NAN.Tags: Celta VigoLa LigaMarco AsensioReal MadridZinedine Zidanelast_img read more