ZAGREB, July 26 (Hina) - The government held a telephone session on Thursday and decided to exempt from sale 25% plus one share in the Liburnia Riviera Hoteli (LRH) hotel chain and to give its consent to an agreement on the
dissolution of property rights relations and the transfer of 25% plus one share in LBH and an annexe to the agreement, the government said in a statement.
ZAGREB, July 26 (Hina) - The government held a telephone session
on Thursday and decided to exempt from sale 25% plus one share in the Liburnia
Riviera Hoteli (LRH) hotel chain and to give its consent to an agreement on the
dissolution of property rights relations and the transfer of 25% plus one
share in LBH and an annexe to the agreement, the government said in a
statement. The government's decision went into force today.
The aforementioned agreement was signed in the northern Adriatic resort
of Opatija on June 14 by Croatian Privatisation Fund president Grga Ivezic,
Opatija Mayor Amir Muzur, and LRH board chairman Kristijan Stanicic. Prime
Minister Ivo Sanader was present.
The shares will be transferred onto the city of Opatija and the
transfer refers to 75,991 ordinary shares each worth 3,200 kuna.
The signatories to the agreement agreed that this was an original
acquisition of shares and that LRH would acquire ownership over part of the
property it uses that was the subject of a legal dispute, whereby the city of
Opatija and another three local self-government units wanted ownership
restitution on said property.