AZTN: Approves Plava Laguna and Istraturist Concentration

cerovac-cropped13 October 2014, LPJ Croatia Issue 104

The AZTN approved the concentration of Plava Laguna and Istraturist. Plava Laguna, owned by Excelsa (Luksic group), reported its intention to acquire 93,04% shares of Istraturist from Zagrebacka Bank for the amount of €120.1 million. After the transaction, Luksic Group would become the largest hotel group in Croatia with 45,000 units…

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