Valamar Riviera d.d. (ZGSE:RIVP-R-A) agreed to acquire 50.08% stake in Imperial d.d. (ZGSE:HIMR-R-A) from the Republic of Croatia, the State Agency for Deposit Insurance and Bank Resolution, the Croatian Pension Insurance Institute and the Restructuring and Sale Center for HRK 260.8 million on July 27, 2016. The Republic of Croatia, the State Agency for Deposit Insurance and Bank Resolution, the Croatian Pension Insurance Institute and the Restructuring and Sale Center, which together held 0.3 million shares in Imperial. An agreement is expected to be signed for the transaction. Croatia's state-run center for enterprise restructuring and privatization, CERP approved the sale of stake in Imperial. Croatia's anti-trust regulator, AZTN approved the transaction on September 21, 2016.

Valamar Riviera d.d. (ZGSE:RIVP-R-A) completed the acquisition of 50.08% stake in Imperial d.d. (ZGSE:HIMR-R-A) from the Republic of Croatia, the State Agency for Deposit Insurance and Bank Resolution, the Croatian Pension Insurance Institute and the Restructuring and Sale Center on September 20, 2016.