Post by Peter Ellis on Oct 4, 2004 19:46:59 GMT 1
DAILY NEWS
Orco Property Group to gather 750 million kuna for Suncani Hvar at the
Paris Stock Exchange
Juraj Hrvacic: Gross revenue of Narodni Radio and Obiteljski Radio
stood at 51.6 mln kuna in 2003
Agram concern gets to control nearly one quarter of Croatian insurer
market following mergers
Nova Banka expecting 92 million kuna net profit in 2004
State-owned shares in Hotel Zivogosce and Hotel Podgora put up for sale
REGIONAL NEWS
September inflation in Serbia stands at 1.7 pct
Danone and Divac sign contract on partnership for the purchase of Knjaz
Milos
Swiss BC Invest retracts its offer for the purchase of Azotara in
Serbia
Slovene Montavar purchasing Niksic-based Metalac
BM__1Orco Property Group to gather 750 million kuna for Suncani Hvar at the
Paris Stock Exchange
An offer for the tender for the public-private partnership together with the
state in the Suncani Hvar tourism company has been submitted by the Orco
Property Group, a company founded in 1991, headquartered in Luxembourg and
specialised in investment in hotels and housing property, managing assets
valued at 200 million euros. Orco Property Group is ready to immediately
invest 232 million kuna in the broadening of the Suncani Hvar capital base,
which would ensure it control of 50.1 percent of shares, while in total it
is ready to invest into the overall project some 750 million kuna over a
six-year period.
Investments would include the local infrastructure as well as the Hvar port,
golf course, marina, approach roads to apartment hotels, where guests would
be welcome to stay for longer periods of time, said speaking to the October
issue of Banka CEO and leading shareholders in the company Jean Francois
Ott.
He said he was aware that this represented a large investment, but claimed
that the money for the effort could easily be gathered at the stock exchange.
The Company has been floated on the Paris Stock Exchange and has in 1H
managed a revenue of 46.3 million euros, while for the current year the
revenue projection is 67-68 million euros with EBITDA of 12 million. For
next year Ott is announcing a revenue of 100 million euros and EBITDA of 15
million.
BM_2Juraj Hrvacic: Gross revenue of Narodni Radio and Obiteljski Radio stood
at 51.6 mln kuna in 2003
Obiteljski Radio is recording stable business dealings and continued growth
of between 3 and 5 percent per annum. Its revenue in 2003 stood at 22.4
million kuna, while the gross revenue of Narodni Radio in 2003 totaled 29.2
million kuna, up four million compared to 2002, said Juraj Hrvacic the
co-owner of Narodni Radio and Obiteljski Radio speaking to the October
edition of Banka Magazine monthly. The two said radios are attracting 30
perceint of the total radio marketing investments in Croatia which is
estimated at 28 million euros.
The Multimedia Center where nine companies are operating (Obiteljski and
Narodni Radio, television Z1, Media Servis, Hrvatski Radijski Festival, Hit
Records, FM marketing agency, bodyguard agency and financial and accountancy
service) has had Obiteljski Radio and Narodni Radio, as nominal co-owners
investing 52 million kuna, of which 28 million were secured through a
Hrvatska Banka za Obnovu i Razvoj (HBOR) loan.
BM_3Agram concern gets to control nearly one quarter of Croatian insurance
market following mergers
After the merger of three Croatian insurers - Veritas, Atlas and Sunce
Osiguranje, the Agram concern has increased the segment of the insurer
market it controls to 23 to 24 percent, the stake it has in life insurance
to about 11 percent, while on the non-life insurance market it holds a 27
percent stake, claims a statement issued by Agram. The statement also says
that the released data is based on unaudited business data in the first nine
months of 2004.
The Agram concern in Croatia is now made up by Euroherc Osiguranje,
Jadransko Osiguranje, Sunce Osiguranje, Euroherc Life, Atlas Osiguranje and
Veritas Osiguranje. The said companies have according to unaudited data over
the nine months of 2004 managed premiums in the amout of 1.18 billion kuna
i.e. up 18.76 percent yoy.
BM_4Nova Banka expecting 92 million kuna net profit in 2004
After the Croatian National Bank (HNB) Council approved the merger of
Dubrovacka Banka with Nova Banka and following their successul technical
merger over the past weekend, as of today, "the extended" Nova Banka is
operating as a unified system.
The Bank is to be led by a three-member management headed by Damir Odak, who
had up until now been the Nova Banka CEO. The Nova Banka headquarters is in
Zadar, while a string of key positions in managemet and operation will be
situated in Dubrovnik, reads a statement issued on Monday.
The Hungarian Napi Gazadassag business daily published on Monday, citing
information coming from Croatia, that the largest Hungarian bank OTP Bank
was interested in purchasing Nova Banka. It is a well known fact that OTP
has in the past made several announcements of being interested in entering
the Croatian market.
BM_5State-owned shares in Hotel Zivogosce and Hotel Podgora put up for sale
The Croatian Privatisation Fund (HFP) published a tender in Monday's dailies
for the sale of shares in two hotel-tourism companies: Hotel Zivogosce and
Hotel Podgora
A total of 90.15 percent of the Hotel Zivogosce total base capital has been
offered at 31.11 million kuna i.e. at 114 kuna per share, each share
nominally valued at 100 German marks.
Also, the tender offers 73.54 percent of the Hotel Podgora base capital at
the starting price of 21.01 million kuna, i.e. 78 kuna per share of 100
German marks nominal value.
(Courtesy of Bankamagazine)
Orco Property Group to gather 750 million kuna for Suncani Hvar at the
Paris Stock Exchange
Juraj Hrvacic: Gross revenue of Narodni Radio and Obiteljski Radio
stood at 51.6 mln kuna in 2003
Agram concern gets to control nearly one quarter of Croatian insurer
market following mergers
Nova Banka expecting 92 million kuna net profit in 2004
State-owned shares in Hotel Zivogosce and Hotel Podgora put up for sale
REGIONAL NEWS
September inflation in Serbia stands at 1.7 pct
Danone and Divac sign contract on partnership for the purchase of Knjaz
Milos
Swiss BC Invest retracts its offer for the purchase of Azotara in
Serbia
Slovene Montavar purchasing Niksic-based Metalac
BM__1Orco Property Group to gather 750 million kuna for Suncani Hvar at the
Paris Stock Exchange
An offer for the tender for the public-private partnership together with the
state in the Suncani Hvar tourism company has been submitted by the Orco
Property Group, a company founded in 1991, headquartered in Luxembourg and
specialised in investment in hotels and housing property, managing assets
valued at 200 million euros. Orco Property Group is ready to immediately
invest 232 million kuna in the broadening of the Suncani Hvar capital base,
which would ensure it control of 50.1 percent of shares, while in total it
is ready to invest into the overall project some 750 million kuna over a
six-year period.
Investments would include the local infrastructure as well as the Hvar port,
golf course, marina, approach roads to apartment hotels, where guests would
be welcome to stay for longer periods of time, said speaking to the October
issue of Banka CEO and leading shareholders in the company Jean Francois
Ott.
He said he was aware that this represented a large investment, but claimed
that the money for the effort could easily be gathered at the stock exchange.
The Company has been floated on the Paris Stock Exchange and has in 1H
managed a revenue of 46.3 million euros, while for the current year the
revenue projection is 67-68 million euros with EBITDA of 12 million. For
next year Ott is announcing a revenue of 100 million euros and EBITDA of 15
million.
BM_2Juraj Hrvacic: Gross revenue of Narodni Radio and Obiteljski Radio stood
at 51.6 mln kuna in 2003
Obiteljski Radio is recording stable business dealings and continued growth
of between 3 and 5 percent per annum. Its revenue in 2003 stood at 22.4
million kuna, while the gross revenue of Narodni Radio in 2003 totaled 29.2
million kuna, up four million compared to 2002, said Juraj Hrvacic the
co-owner of Narodni Radio and Obiteljski Radio speaking to the October
edition of Banka Magazine monthly. The two said radios are attracting 30
perceint of the total radio marketing investments in Croatia which is
estimated at 28 million euros.
The Multimedia Center where nine companies are operating (Obiteljski and
Narodni Radio, television Z1, Media Servis, Hrvatski Radijski Festival, Hit
Records, FM marketing agency, bodyguard agency and financial and accountancy
service) has had Obiteljski Radio and Narodni Radio, as nominal co-owners
investing 52 million kuna, of which 28 million were secured through a
Hrvatska Banka za Obnovu i Razvoj (HBOR) loan.
BM_3Agram concern gets to control nearly one quarter of Croatian insurance
market following mergers
After the merger of three Croatian insurers - Veritas, Atlas and Sunce
Osiguranje, the Agram concern has increased the segment of the insurer
market it controls to 23 to 24 percent, the stake it has in life insurance
to about 11 percent, while on the non-life insurance market it holds a 27
percent stake, claims a statement issued by Agram. The statement also says
that the released data is based on unaudited business data in the first nine
months of 2004.
The Agram concern in Croatia is now made up by Euroherc Osiguranje,
Jadransko Osiguranje, Sunce Osiguranje, Euroherc Life, Atlas Osiguranje and
Veritas Osiguranje. The said companies have according to unaudited data over
the nine months of 2004 managed premiums in the amout of 1.18 billion kuna
i.e. up 18.76 percent yoy.
BM_4Nova Banka expecting 92 million kuna net profit in 2004
After the Croatian National Bank (HNB) Council approved the merger of
Dubrovacka Banka with Nova Banka and following their successul technical
merger over the past weekend, as of today, "the extended" Nova Banka is
operating as a unified system.
The Bank is to be led by a three-member management headed by Damir Odak, who
had up until now been the Nova Banka CEO. The Nova Banka headquarters is in
Zadar, while a string of key positions in managemet and operation will be
situated in Dubrovnik, reads a statement issued on Monday.
The Hungarian Napi Gazadassag business daily published on Monday, citing
information coming from Croatia, that the largest Hungarian bank OTP Bank
was interested in purchasing Nova Banka. It is a well known fact that OTP
has in the past made several announcements of being interested in entering
the Croatian market.
BM_5State-owned shares in Hotel Zivogosce and Hotel Podgora put up for sale
The Croatian Privatisation Fund (HFP) published a tender in Monday's dailies
for the sale of shares in two hotel-tourism companies: Hotel Zivogosce and
Hotel Podgora
A total of 90.15 percent of the Hotel Zivogosce total base capital has been
offered at 31.11 million kuna i.e. at 114 kuna per share, each share
nominally valued at 100 German marks.
Also, the tender offers 73.54 percent of the Hotel Podgora base capital at
the starting price of 21.01 million kuna, i.e. 78 kuna per share of 100
German marks nominal value.
(Courtesy of Bankamagazine)