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

Changes to Wexford hurling panel

first_imgGuiney was dropped from the panel ahead of this year’s Leinster semi final with Kilkenny after a falling-out with manager Liam Dunne.A meeting with management has cleared the air, with Dunne saying Guiney has given a clear commitment to the Model County for the coming year.However, Tomás Waters is the latest Wexford hurler to call time on their career. The St. Martin’s clubman recovered from a debilitating knee injury to reclaim his place in the panel, but has found the rigours of the inter-county game too much for the afflicted joint.last_img read more