There are not just two paths for the Igalo Institute. We are ready to cover the entire debt of the Institute in an open recapitalization. There is no need to sell the first phase, the "Vila Oliva" company, which owns 27,4 percent of the Institute's shares, told "Vijesta".
The co-owner of "Villa Oliva" Žarko Rakčević said yesterday that he is against the proposed restructuring plan, which proposes the payment of small shareholders and the sale of the first phase and other parts of the Institute.
The Government announced this morning that small shareholders have two options - investing side by side with the state or selling shares to the state.
"There are not only two paths and that is the difference. The path they propose - the sale of our shares to the state can also be two-way. Our group with the banks offers to pay up to 50% more expensive shares to the state than they do to us, and there is no need for state assistance. There is no bankruptcy even if a decision is made at the shareholders' meeting on an open recapitalization - issuance of shares worth 24 million euros of overdue liabilities - loss coverage We are ready to participate proportionally with eight million in loss coverage a if none of the other shareholders wants or is able to participate in the recapitalization - by covering the losses, HTP Villa Oliva will cover the entire debt and eliminate the risk of bankruptcy asked. It is 13,5-9 million euros from fund patients and a minimum of 9,5-4 million from third parties. So there is no need to sell the first phase - the solitaire, the E ward and The necessary reconstruction of the II phase and bringing it to the level of 4,5 stars would follow later, but with a significantly more rational approach and household investment and business", they announced from "Vila Oliva".
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