Croatia Airlines to be recapitalised

Croatia Airlines (OU, Zagreb) is to be recapitalised through a HRK350 million kuna (USD54.7 million) share capital increase in accordance with European Commission-sanctioned, COVID-19 state aid measures, a notice to shareholders by board chairman Jasmin Bajić said. An extraordinary meeting of shareholders on December 14, 2020, will decide on a proposal that the Croatian government injects cash in exchange for the issuing of 35 million new ordinary shares with a nominal value of HRK10.00 each (USD1.56). This would increase the share...
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