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Serbian diversified conglomerate MK Group has increased its stake in the capital of Montenegrin hotel operator Budvanska Rivijera [MNG:BUDR] to 32.2% and i ....
Millennium Resorts and Marriott International to build a luxury hotel complex in Vranjska Banja 20/05/2021 Millennium Resorts and the American hotel operator Marriott International yesterday signed an agreement on the construction of a hotel complex in Vranjska Banja. On behalf of the two companies, the agreement on cooperation was signed by Silvija Lovreta, the Director for South Eastern Europe for International Hotel Development at Marriott International, and Ivan Bosnjak, the Director of Millennium Resorts, says the press release. The director of the company Millennium Team, Stojan Vujko, said that Millennium would invest EUR 90 million in the project and that 350 jobs would be created in the process, Tanjug news agency reported. ....
Serbia s MK Group lifts stake in Montenegro s Budvanska Rivijera to 28.7% Source: MK Group BELGRADE (Serbia), May 13 (SeeNews) – Serbian diversified conglomerate MK Group said it has increased its shareholding interest in Montenegrin hotel operator Budvanska Rivijera [MNG:BUDR] to 28.7% by purchasing 12.1% of the company s shares. With the transaction, carried out on May 12, MK Group confirms its previously unveiled strategic plans for expanding its business in Montenegro, the group said in a statement on Wednesday. No financial details were disclosed. According to data from the Montenegro Stock Exchange, a total of 1,242,766 of Budvanska Rivijera shares changed hands in nine transactions on Wednesday, generating a turnover of 7.965 million euro ($9.616 million). ....