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Regulator drops procedure regarding Opatija's obligation about LRH

Autor: mses
ZAGREB, Oct 5 (Hina) - The Croatian Financial Services Supervisory Agency (HANFA) has stopped the proceedings for establishing the obligation of the town of Opatija to make public its bid for the takeover of a stock in the Liburnia Riviera Hotels (LRH), after the High Administrative Court ruled that there is no legal obligation for Opatija and the municipalities of Matulji, Moscenicka Draga and Lovran to publish their bid for the acquisition in the LRH given that, according to the court, they had originally acquired 25% plus one share in that hotel company headquartered in the seaside resort of Opatija.

(Hina) ms

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