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

NTTF National Junior League Serves off in Lagos

first_imgAccording to the referee of the tournament, John Peters, the enthusiasm showed by the players would make the tournament competitive as some of the players are eager to displace the already established stars in their bid to represent Nigeria in major international tournaments.“We are so excited that we are now having quite a number of junior players coming up and this is a sign that we will have quality replacement for some of our ageing players. I am so happy that this year’s tournament will be more competitive because looking at what Taiwo Mati, who is a junior player that won the national trial for the All Africa Games, there will be chance for more players to come through,” Peters said.Peters, who is Nigeria’s longest serving umpire having officiated at the Olympic Games, Commonwealth Games and All Africa Games charged the players to be of good conduct during the tournament, while there are plans to reward good conduct.Aside the total prize money of N1m, outstanding players will also be compensated by the organizers.Already, most of the registered participants have arrived Lagos on Thursday July 11 in readiness for the kick off with all eyes on the gong.Among the top junior players expected to be the cynosure of all eyes are Oyo State-born duo of Usman Okanlawon and Sadiat Akeem, who are the current West African cadet champions.To ensure that some of the players that featured at the last African Junior Championship in Ghana give room for upcoming players, the organizers have decided to include the Youth tournament (U-21) in the grand finale with the likes of Taiwo Mati, Azeez Solanke, Jamiu Ayanwale, Abayomi Animashaun, Augustine Emmanuel as well as Tosin Oribamise competing in the one-day finale on July 21.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The 2019 Nigeria Table Tennis Federation (NTTF) national junior league serves off on Friday July 12 at the National Stadium in Lagos.Already, 63 boys and 32 girls drawn across the country have registered for the nine-day tournament which serves a ranking event for U-18 players in the country.The tournament is being bankrolled by WEO AllSports with technical support from NTTF and the players are expected to compete for points from the preliminaries, which will end on July 19 where the finalists will battle for cash prize and honours in the grand finale scheduled for July 21 at the Molade Okoya-Thomas Hall of Teslim Balogun Stadium.last_img read more

Soccer personalities to undergo ‘marathon’ charity trek

first_imgTwo well-known local soccer personalities are taking part in the Extreme North Quadrathon Challenge – four half-marathons over four days – next month.St Johnston duo Paul Duddy and Ciaran Bovaird are set to embark on the gruelling challenge, in order to raise money for two charities: the Donegal Cancer Bus and Pieta House.Duddy is a former League of Ireland referee, who still officiates at games in Donegal, while Bovaird played for and managed Kildrum Tigers in the Donegal League. The Quadrathon takes place around Inishowen from August 11-14, with four separate events: the Kinnego Marathon, the Malin Marathon, the Mamore Marathon and the Muff Marathon.It is an anti-clockwise course around the Inishowen peninsula, incorporating 104.8 miles of roads, beginning at Moville and ending at the Redcastle Hotel.The event is being run by Extreme North.“My motivation to do this is in memory of my Mum (Sadie), who passed away earlier this year,” Paul Duddy said. “Ciaran lost his father (Hugh) ten years ago. This is something we’ve decided to do to raise money for two very important charities.“Everyone knows the importance of the Cancer Bus and Pieta House are doing fantastic work around suicide.“I mentioned this to Ciaran around May and we decided to give it a go.”Both are multiple marathon finishers and have been clocking up a lot of miles in preparation for the Quadrathon. They’ve been regulars at the local 5ks and have also done the Cookstown half-marathon, the Buncrana half-marathon and Buncrana 10k events.Paul Duddy with Matthew Crossan of Matt’s TakeawayCiaran Bovaird with Seamus Crawford of SOS Tyres“We do a lot of running together,” Paul Duddy said. “I helped train Ciaran for his first marathon. “Before we did any running like this, we’ve been running around together since we were kids. We grew up together and played football together.“We’re excited about this challenge. It’ll be tough but we’ll be ready for it.”They have been sponsored by Matt’s Takeaway, Mac’s Mini Mart, SOS Tyres, CoreFit – Russell Porter and McIntyre Engineering.Soccer personalities to undergo ‘marathon’ charity trek was last modified: July 25th, 2016 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more