TUI AG (XTRA:TUI1) launched a buyout bid to acquire remaining 4.34% stake in Hoteli Zivogosce d.d. (ZGSE:HZVG) for HRK 1.8 million on March 18, 2021. Under the terms of transaction, TUI to launch a buyout bid for the remaining 0.302 million of Zivogosce Hotels. HANFA, Croatian financial regulator approved the transaction.

As of May 5, 2021, TUI AG purchased a further 1.05% stake in Hoteli Zivogosce d.d. TUI now controls 96.7% of Zivogosce Hotels through direct and indirect shareholding.