Sava offering EUR 1.26 a share for coastal hotel chain

Ljubljana, 29 October - The tourism company Sava has published a takeover bid for Hoteli Bernardin, a coastal hotel chain manager, offering EUR 1.26 a share. The bid applies to about 24% of the company's shares not yet owned by Sava (38%) or three other, mostly state-owned companies, with whom the takeover has been coordinated.