UNQUOTE

CEE - Marfin Investment acquires 75% of Sunce for EUR 155m

  • Domitille Lainey
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Marfin Investment Group (MIG) has acquired 75% of Croatian tourism and leisure company Sunce for EUR 155m. Sunce and MIG will develop Stubicke Toplice, a health tourism project and public-private-partnership alongside the County of Krapina and Zagorje, the contract for which was won by Sunce in 2007.

The company owns and operates 11 hotels situated along the Adriatic coast under the Blue Sun Hotels & Resorts brand. The hotels also include 1 conference centre, 26 tennis courts and 3 wellness/ SPA centres. Sunce also owns a majority stake in the airport of Braè Island and over 860,000 square meters of land with full planning permission and licenses for construction and development.
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