"Our" Alabbar building "Zagreb Waterfront": Eagle Hills given green light for Sunce Hotels takeover

Photo: Pixabay/free-photos

The Board of Directors of the Croatian Financial Services Supervisory Agency (HANFA) has approved the publication of the offer made by the company Eagle Hills Zagreb Real Estate for the takeover of the company Sunce Hotels at a price of HRK 184.12 (EUR 2.45) per share.

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The subject of the offer is the takeover of 1.8 million shares of Sunce Hotels, i.e. 30.29 percent of the capital, Seebiz reports.

Sunce Hotels recently announced that Eagle Hills had signed a takeover agreement with Lucidus and Sunce Ulaganja to buy 4,151,092 shares, or 69.71 percent of the capital.

Eagle Hills Zagreb is a subsidiary of the Abu Dhabi-based group of the same name, headed by Mohamed Ali Rashed Alabbar, known to the Serbian public for the Belgrade Waterfront project. His Eagle Hills Group develops mixed-use real estate projects around the world, with a total value of over 50 billion euros.

(Telegraf Biznis)