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Terme Čatež AGM approves sale of Marina Portorož

Čatež ob Savi, 02 September (STA) - The shareholders of spa operator Terme čatež approved the sale of Marina Portorož to MMNT on Friday. The joint venture established by investment company Adventura Holding and Glen, a company owned by the management of furniture retailer Lesnina, is to pay EUR 21.6 million for the country's biggest marina, paper Finance reported.

Minutes of the AGM, available on the web site of the agency for public records (AJPES), show that the sale of Marina Portorož received the backing of 99% of all votes present at the meeting. The AGM was attended by 98.9% of capital with voting rights.

The AGM also gave a new mandate to supervisors Ada de Costa Petan, Robert Krajnik, Rok Gorjup, Mitja Grum, Samo Roš and Goranka Volf. The supervisory board also includes three employee representatives.

The shareholders moreover decided not to cover EUR 5.5 million in loss, which several small shareholders intend to challenge.

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