Hotel Maestral still on sale, CERP announced a new public call

first_imgThe Center for Restructuring and Sales (CERP) has announced a new public call for expressions of interest for the purchase of shares in the company Hoteli Maestral from Dubrovnik. A total of 355.520 shares are on sale, with a total nominal value of HRK 71.104.000, which is 68,94 percent of the share capital. By the way, at the end of last year, in the process of public collection of bids for the purchase of 355.520 shares of HOTELI MAESTRAL dd, Dubrovnik, a binding offer was received submitted by the company J&T IB CAPITAL MARKETS, Prague, Czech Republic. The company J&T IB CAPITAL MARKETS, Prague, Czech Republic offered a price of HRK 114.271.238,40 for the purchase of shares of HOTELI MAESTRAL dd, Dubrovnik, which are the subject of the sale, which is the amount of the determined starting price. However, obviously the offer was not accepted and a new Public Invitation was published.Hotels Maestral in its portfolio consists of five hotels in Dubrovnik, total capacity 472 rooms, with 931 beds (hotel Uvala **** (51), hotel Splendid *** (59), hotel Komodor *** (63), hotel Vis *** (142), hotel Adriatic ** (107) and the Adriatica Rooms ** pavilion (50)). All of the Company’s hotels and rooms at Adriatica Rooms are located next to each other in the western part of Dubrovnik, in the Lapad Bay, only 3,5 km from the historic center and approximately 25 km from Dubrovnik Airport.Deadline for submitting a letter of intent to express interest: April 09, 2018 until 15,00:XNUMX p.m.Side dish: Public call for expressions of interest for the purchase of shares in the company Hoteli Maestrallast_img read more

Atlantis targets £20M cash raise

first_imgEdinburgh-based developer Atlantis Resources is looking to raise £20 million via share placing ahead of the completion of the proposed reverse takeover by GFG Alliance company SIMEC.Atlantis said it plan to use the proceedings of the placing to finance the Front-End Engineering Design (FEED) study for the conversion of SIMEC’s Uskmouth power station, which is expected to cost approximately £5 million.The conversion of the plant, could be completed within 18 months of final investment decision expected to be made in mid-2019, upon which the plant could complete commissioning and enter into commercial operations by the end of 2020.Upon the completion, the 220MW of capacity at the power station will be converted to use a waste derived energy pellet instead of coal, in a process expected to cost £185 million.Aside for Uskmouth power station, the placing will also be used for tidal project and technology development, as well as to discharge up to £3.87 million of debt, Atlantis informed.The proposed placing is for little over 57 million shares, at 35 pence per share.Due to the reverse takeover process with SIMEC, Atlantis shares are currently suspended but are expected to resume trading on AIM on June 15, when the acquisition is due to be completed.The share placing is being conducted by Cantor Fitzgerald and Macquarie through an accelerated bookbuilding process. The result of the placing is expected to be announced later today, May 21, 2018.To remind, in December 2017, the international energy, infrastructure and natural resources group SIMEC signed a conditional agreement with Atlantis to acquire 49.9% of tidal energy developer’s share capital.In turn, Atlantis agreed to acquire the entire issued share capital of SIMEC Uskmouth Power Limited, the owner of a power plant in South Wales.last_img read more

Bulldogs Tennis Results

first_imgThe Batesville Varsity Tennis team defeated Franklin Co. 4-1 on Tuesday while the JV won 3-1.  On Thursday, Batesville defeated Columbus East 4-1 in varsity action while the JV won 5-0.  The varsity will compete in the Columbus North Invitational on Saturday. Courtesy of Bulldogs Coach Mike McKinney.last_img