DTB advised major Turkish conglomerate Dogus on a EUR 31,2 m club credit facility

February 2024 DTB advised the borrower Zadar Resort d.o.o. and sponsor Dogus Croatia in a transaction where Zadar Resort borrowed EUR 31,2 m from Privredna bank Zagreb d.d. and Croatian bank for reconstruction and development as Mandated Lead Arrangers. The facility will be used for the development of a 5-star luxury hotel in Zadar, which will be under the management of the leading hotel operator Hyatt. Dogus is one of the largest Turkish conglomerates with a long-standing operation in Croatia in the tourism and leisure industry. The development of the luxury hotel in Zadar is one of the largest…

DTB Assisted with Sale of Hotel Bonavia

January 2024 Our member firm Divjak Topic Bahtijarevic & Krka acted as legal counsel for the seller, Plava laguna d.d., in relation to the sale of the stunning four-star Hotel Bonavia, located in the heart of Rijeka, to Bonavia Rijeka d.o.o.  Plava laguna d.d. manages an extensive portfolio of tourist facilities in Croatia, including hotels, resorts and camps. DTB’s team, led by the Managing Partner Emir Bahtijarevic, was comprised of attorneys Sanja Novoselic and Barbara Simic. The team provided legal advice and support to the client in due diligence, negotiations, structuring of the…

DTB Advised on the Sale and Purchase of Shares in Croatian Company RABO d.o.o.

October 2023 Divjak Topic Bahtijarevic & Krka acted as a leading legal counsel for the buyer, a Hungarian company Apple Heaven Kft, in relation to the sale and purchase of shares in the company RABO d.o.o., one of the largest producers and exporters of apples and nectarines in Croatia. DTB's team comprising Managing Partner Emir Bahtijarevic and attorneys Jasna Belcic, Zrinka Mustafa Prelic, Sanja Novoselic, Dominik Glavina, Iva Vukoja, Barbara Simic, and trainee Anella Bukovic provided legal advice and support to the client in due diligence, negotiations, structuring of the…

Investment of Croatian Electricity Company (HEP) – SE Korlat

June 2023 By 2030, HEP intends to increase the share of renewable sources in the production portfolio by 50 per cent and to increase the annual production from renewable sources from the current six to nine billion kWh. At the moment, HEP has more than 60 renewable energy projects in various stages of development, with a total capacity of around 1,400 MW and an estimated investment value of almost 1.5 billion euros. SE Korlat stands out among them, with 75 MW of connected and 99 MW of installed capacity and an estimated investment value of around 80 million euros, which will be built right next…

Investments in Green Energy

June 2023 Croatian privately held investment group Energia Naturalis (ENNA) has started preparations for an initial public offering (IPO) and plans to put more than EUR 1.0 billion (USD 1.07 billion) into green projects in Croatia.

Adriatic Hub New Logistic Centre

June 2023 The logistics company DPD Croatia, which operates as part of the global Geopost group, has started the construction of a new sorting and logistics center called the Adriatic Hub, which will process parcels for both Croatia and Slovenia. This is DPD's largest investment in infrastructure improvement in the new and largest distribution center so far, in the amount of EUR 23 million, while the value of the technological investment is EUR 10 million.

Fortenova Group Plans to Sell Its Agricultural Units

June 2023 Croatian business group Fortenova said it intends to launch the sale of its agriculture units as part of new financing with its current majority creditor, global company HPS Investment Partners.

Pinea Project

June 2023 Valamar Hotels is restarting the investment in the Pinea project in the total value of EUR 130 million, the construction of which started in 2019. The new resort will have over 500 accommodation units, and the entire project is completely designed in BIM technology.

Reconstruction of Paromlin – Library and Social-Cultural Centre

June 2023 The reconstruction project of Paromlin that will be worth over EUR 80 million will start soon. The City of Zagreb has confirmed that the Paromlin renovation project under the name "Zagreb City Library and Social-Cultural Center at the Paromlin location" is being intensively prepared, that the implementation projects have been completed and that the preparation of the feasibility study will begin soon. Cultural, educational and other activities (plays, concerts, exhibitions, workshops, conferences and seminars) will take place there, organized by public institutions, non-profit organizations,…

DTB Advised Possehl on the Acquisition of Mono

June 2023  Possehl Group, the German industrial and technological giant, becomes a strategic partner of Mono, the largest IT company in Osijek, through the investment of Possehl Digital in a minority share in Mono. Hermann Schafer, Managing Director at Possehl Digital, expressed his profound enthusiasm about the respective strategic alliance stating: “… Together we want to take the digital transformation of medium-sized industrial companies in Germany and Europe to the next level. For us, Mono is one of the most exciting software development companies in the market, with great prospects…

New Shopping Centre in Labin, Istria

February 2023 More than a year ago, the company Retail Park Hrvatska d.o.o. bought a piece of real estate property in Labin with the aim of building a smaller shopping center which will form a common entity with the existing Spar store. Obtaining a construction permit is still in the process, so the investors hope that work on the future Retail Park Labin shopping centre could begin soon. The investor is the company Retail Park Hrvatska d.o.o. with the support of the partner company Inceptum Sport d.o.o. and investment fund Maverick Wealth Management. They plan to invest more than EUR 5 million…

New Shopping Centre in Vinkovci

January 2023 The city of Vinkovci will get a new shopping center in 2023 – a Stop Shop complex, that should be completed by the spring of 2024. Stop Shop is a brand of the company Immofinanz and consists of retail parks in Central and Eastern Europe. The Stop Shop in Vinkovci will be constructed next to the bypass in Novi Selo, and it will cover an area of ​​10,300 m2. The designer is Studio Parallel d.o.o. from Zagreb, the contractor is the company Radnik D.D. from Krizevci, and the company Metrion Projekt d.o.o. is responsible for expert supervision. The complex itself should have a total…