Podgorica – Suisse Company Jupiter Adria AG has bought up the open cometition documentation for hotel tourist enterprise Boka from Herceg Novi – found out “Vijesti”.
Before them Podgorica Vektra and Hungarian Hunguest hotels did that before them. The open competition for the sale of about 59% of the stocks of Boka closes on the 25th of April.
Vektra and Hungarians have participated in the previous tender when it was nullified, because the offers of the participants did not satisfy the criteria.
About the company Jupiter Adria AG on the Internet there are no detailed information, except that they are registered for working with finances, tourism and real estates. Jupiter Adria AG, based on the available data, is the ownership of the firm Jupiter International PLC from Bermudas. And Jupiter International has its founder, the same named fund group.
The conditions for the purchase of Boka have significantly been stricken compared to the last open competition, so the offers of the companies which do not have a big turnover or that are not connected with tourism will not be accepted.
The previous tender was exactly nullified because the first rated company was Meat Investments from Amsterdam of which we had almost no information.
This time the participants have to be the owners of at least 5 hotels of category with 4 or 5 stars in at least three states, to prove that in the last three years or they have had s positive financial result and had the turnover of at least 100 millions of euros. If a consortium submits the offer, at least two of its members who together have 51% of the shares have to fulfill one of the two criteria.
The Hungarians and Vektra fulfill those conditions, while Jupiter, if it submits the offer, will have to give in the proves about the great turnover of money or possible ownership of hotel.
HTE Boka, which was offered for sale twice, in its ownership, has hotels Plaza, Igalo, Tamaris, and several restaurants, motels, cafés and business spaces.