Dogus investments coast along the coast

You are here

Turkish leading conglomerate Dogus purchased majority stake in one of the premium luxury hotels in Croatia "Villa Dubrovnik" from Croatian Heruc Group. The transaction was successfully closed on April 14, 2014, when the transfer of shares was registered and all other pertinent actions successfully executed. This is another Croatian investment of Dogus Group which now holds portfolio of 3 marinas and 2 hotels, and the estimated value of all investments is over € 200 million. Aforementioned acquisition of Villa Dubrovnik involved sophisticated legal structure and demanding pre- and post-closing activities, which have  been successfully performed within planned timeframe and the same  team continue working on two more Dogus' acquisitions (acquisition of another hotel on the Adriatic coast (Zadar) and a petrol tanks facility) whereby the total value of all investments in Croatia will rise up to € 400 million.