About us

Plava laguna j.s.c.

 General information

PLAVA LAGUNA joint stock company for hospitality and tourism

Headoffice: Rade Končara 12, 52440 Poreč, Croatia

Registered in the Commercial Court of Rijeka – Permanent attendance in Pazin under registration no. / MBS 040020834

Share capital: HRK 1.444.530.057,18 divided into 2.197.772 ordinary shares of no par value and 420.000 preference shares with a nominal value of HRK 250,00.

The share capital is fully paid

PIN No. / OIB: 57444289760

VAT Tax Identification Number: HR57444289760

Bank accounts: with Privredna banka Zagreb j.s.c. Zagreb – IBAN: HR1623400091100017577

About us

Plava laguna j.s.c. is a company backed by more than half a century of successful operation and development, based on ecological principles and sustainable development, and by permanent enrichment of its overall offer and adjustment to the needs of ever more demanding tourist market, it continuously occupied leadership position in the Croatian tourism.

The core business of the company is hospitality and tourism and in addition to that, the Company is registered to carry out other activities as well.

Plava laguna is a company with total assets of approx. 2,3 billion kuna and employs an average of more than 900 employees. Annual revenues are reaching the level of  500 million kuna and the company has no long-term commitments. In its accommodation facilities, refined and adapted to the guest through ongoing investements, it can daily accommodate over 20 thousand guests of whom more than 8 thousand in hotels and apartments and over 12 thousand in camps, with  which it annually realizes over 2,3 million overnight stays. The company has 360 berths in two marinas and a number of restaurants and bars, sports and other facilities that are complementing the basic offer. 

Historical development

Company Plava laguna (Laguna Poreč) was founded in 1957 as a company for hospitality and tourism and it is one of the first tourist companies in Croatia.

New  changes with the beginning of 1991 were provoked with the entry into force of the Transformation of Socially Owned Enterprises Act, which started the process of privatization in Croatia and thus in Laguna Poreč. On 3rd of September, 1992 pursuant to the Decision of the Agency for Restructuring and Development and the decision of the Constituent Assembly, Laguna Poreč was transformed into a joint stock company, and on the 26th of January, 1993 it was officially registered with the Commercial Court in Rijeka. Plava laguna finally rounds up its legal constitution in February 1996 by the adjustment of the fundamental documents of the Company with the Companies Act and with the act of registration in the register of the Commercial Court in Rijeka as Plava laguna, joint stock company for hospitality and tourism, the company also returned to its historical name.

Since 2000 Plava laguna has a stable ownership structure, when the Luksic Group acquires a majority stake in it, through company Sutivan investements Anstalt. 

During 2001, acquisitions of several companies were made as well. Thus, Plava laguna j.s.c. acquired 89,40% shares in Hoteli Croatia j.s.c. Cavtat and 90,48% shares in Adriatic j.s.c. Poreč. Given the portion of the share in the original capital,  Adriatic j.s.c. was merged with Plava laguna j.s.c. on the 1st of October, 2002, which in that way also extended its offer on the nautical tourism segment. With the recapitalization of the company Hoteli Croatia j.s.c. in  2003, ownership share of Plava laguna j.s.c. increased to 92,28%.

During 2012, all necessary preparations were completed for the merger of the company Hotel Bonavia j.s.c. Rijeka with the j.s.c. Plava laguna, with the legal effect  from the 1st of January, 2013 with which Plava laguna further enriches its portfolio  with a 4* category hotel of a different business type.

As of the 1st of January, 2014 the merger was completed of the hotel portfolio Luksic Group in the area of Dubrovnik, with which a new company was established called  Jadranski luksuzni hoteli j.s.c. (Adriatic Luxury Hotels) Dubrovnik. In the process of the merger, Hoteli Croatia j.s.c. Cavtat was merged, and at this moment Plava laguna is the single largest shareholder in the Adriatic Luxury Hotels j.s.c. Dubrovnik with a share of 32,88%. 

Towards the end of November 2014  the seller Zagrebačka banka j.s.c. and Plava laguna j.s.c. concluded the sale and purchase transaction concerning shares of the company Istraturist Umag j.s.c., where Plava laguna acquired 4.349.400 ordinary shares of Istarturist representing 93.04 % of Istraturist’s share capital. Thus the new Plava laguna group increased its capacity to over 43 thousand beds.

On January 1, 2018 Istraturist Umag d.d. Umag was annexed to the company Plava laguna d.d. Poreč based on the Merger Agreement concluded on the the 29 June 2017 and the decisions of the General Assembly of both companies on 11 August 2017.
Plava Laguna became the universal legal successor of all the assets, rights and obligations of the former Istraturist.

Ownership structure on the January 16th, 2018

ORDINARY SHARES

Ord. No. 

NAME OF SHAREHOLDER

No. of shares

Percentage

1.

ADRIATIC INVESTMENT GROUP 

1.851.352

84,24

2.

SPLITSKA BANKA D.D. /AZ OMF KATEGORIJE B

84.576

3,85

3.

ADDIKO BANK D.D./PBZ CO OMF - KATEGORIJA B 

20.024

0,91

4.

BOGDANOVIĆ ZORAN 

11.752

0,53

5.

RAIFFEISENBANK AUSTRIA D.D.

9.140

0,42

6.

CERP /REPUBLIKA HRVATSKA

6.234

0,28

7.

ZAGREBAČKA BANKA D.D. /AZ PROFIT DOBROVOLJNI MIROVINSKI FOND 

5.971

0,27

8.

SPLITSKA BANKA D.D. /AZ OBVEZNI MIROVINSKI FOND KATEGORIJE A 

4.168

0,19

9.

SPLITSKA BANKA D.D. /ERSTE PLAVI EXPERT - DOBROVOLJNI MIROVINSKI FOND 

4.104

0,19

10.

NOVAK MIRKO

3.884

0,18

11.

MALI DIONIČARI 

196.567

8,94

Total:

 

2.197.772

100,00

PREFERENCE SHARES

Ord. No.

NAME OF SHAREHOLDER

No. of shares

Percentage

1.

ADRIATIC INVESTMENT GROUP

420.000

100,00

Total:

 

420.000

100,00

       
MANAGEMENT BOARD  
Neven Staver             President
Ronald Korotaj              Member
Damir Mendica              Member
Dragan Pujas              Member
Danira Rančić              Member
   
SUPERVISORY BOARD  
Davor Luksic Lederer                 President
Patricio Tomas Balmaceda Tafra             Vice president
Joseph Ignace Bulnes             Member
Davor Domitrovic Grubisic                Member
Stipe Liović                Member – employees' representative