Marfin Investment Group acquires controlling interest in Croatian Sunce

Marfin Investment Group signed an agreement with the shareholders of Croatian Sunce Koncern d.d. for the acquisition of a controlling equity interest in the company.

Sunce Koncern d.d. (www.sunce.hr)
Sunce is one of the largest Croatian groups in the tourism and leisure sector. The company owns and operates 11 hotels (approximately 5,000 beds) situated in prime locations along the Adriatic coast under the Blue Sun Hotels & Resorts brand. The hotels also include one conference centre (800 seats), 26 tennis courts (WTA and ITF events) and 3 wellness & SPA centres.

Finally, Sunce owns as well a majority stake in the airport of Brač Island and over 860,000 square meters of land of the highest quality for construction and development.

Total consideration to be paid by Marfin Investment Group is € 155 million for approximately 75% of Sunce.

Marfin Investment Group (www.marfininvestmentgroup.com)
Marfin Investment Group Holdings S.A., formerly Marfin Financial Group S.A. Holdings, is a Greek financial institution. The Company principally invests in such sectors as food and beverages, telecommunication, health, information technology, shipping, hotel and casinos, real estate, as well as in the banking and financial companies.