Annual Report 2013 - Management Report on Company's Status

Published 28. April 2014.

On October 31, 2013, with legal effect from November 1, 2013, in the Commercial Court Rijeka Permanent office Pazin merger of company Dubrovnik – Babin kuk d.d. to its parent company Riviera Adria d.d. was recorded, all based on previously conducted legal prescribed procedures and decisions of General Assembly of Dubrovnik – Babin kuk d.d. dating October 9, 2013, as well as based on the Merger Agreement concluded on August 30, 2013.

With this merger Dubrovnik – Babin kuk d.d. became a part of the the biggest tourist company in Croatia which operates from Istria and Kvarner to Dubrovnik with a possibility of accommodation more than 40.000 guests in one day in its 22 hotels, 7 apartment villages and 9 campsites. During high season, the Company will have up to 3000 employees, out of which 40% permanently employed.

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