EnglishHotel company Orizont Turism Predeal intends to increase its share capital by 13.56 million RON, to 19.7 million RON through cash injection. The company will issue 5.4 million shares with a face value of 2.5 RON/share. Shareholder will maker a decision regarding this matter in the Ordinary General Meeting which will be held on July 20th. They will also discuss the modernization program for the Orizont Predeal hotel and the financing sources for this objective.
SIF Transilvania controls Orizont Turism Predeal, with a holding of 97.3%. This year, SIF Transilvania plans to invest some 25-30 million EUR for the modernization of its hotels and the development of new projects. The company also intends to rehabilitate the Orizont hotel in Predeal. The development strategy for Orizont Turism includes an increase in the company"s market share, the modernization of the hotel and the building of two conference rooms and a health centre near the hotel. In the future, the activity of the Predeal-based company will be integrated in a hotel chain operated by SIF Transilvania.
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