Gitone Adriatic d.o.o. launched a takeover bid to acquire the remaining 46% stake in Liburnia Riviera Hoteli d.d. (ZGSE:LRH) for approximately HRK 660 million on October 7, 2019. Under the terms of the transaction, Liburnia Riviera Hoteli d.d will pay HRK 4,761 per share for the remaining 139,392 outstanding shares of LRH. The bid will remain open for 28 days. The transaction was approved by the Croatian Financial Regulator, HANFA. Gitone Adriatic d.o.o. cancelled the acquisition of the remaining 46% stake in Liburnia Riviera Hoteli d.d. (ZGSE:LRH) on October 7, 2020.