Croatian Tycoon Buys Majority Stake in Emona Obala

Ljubljana/Koper, 19 January - Koper-based wholesaler and retailer Emona Obala has been acquired by Orbico, a company owned by Croatian tycoon Branko Roglic. Orbico bought on Thursday 877,854 shares in the cash-strapped Emona Obala, which gives it a stake of over 50%.