Business circles learned on Monday afternoon that a consortium has been pre-qualified for the share capital increase of Jadovan d.d. The bid, valued at 40.625 million euros, opens the way to acquiring a 53.74 per cent stake in the hotel operator.
The newly established entity, Adriatic Resorts, is set to become the majority shareholder of Jadran following the planned capital increase. This move significantly alters the ownership structure of the hotel operator, paving the way for further strategic steps in the company's management.
The pre-qualified consortium consists of three companies from different business segments: Tex Mol, FEAL, and Aminess. This is a consortium of companies from the construction, industrial, and hospitality sectors, suggesting a broader synergy of resources and experience within the new ownership package.
One of the three names in the consortium, Tex Mol, is well known for its involvement in major construction projects across Croatia. Its previous activity has included significant investments in construction from Dubrovnik, via Split and Solin, to Omis.
Although the pre-qualification process has been officially published, the final closing of the deal is still pending a number of formal steps. The key among these is the decision by the General Assembly of the hotel operator, which is necessary for the legal validity of the entire transaction.
At this stage, the pre-qualification of the bidder is being discussed, not the completion of the deal. All remaining actions depend on the further course of administrative and corporate procedures within Jadovan d.d.
