All 100% of stocks of "Grand Kafa" owned by "Droga Kolinska"

After buying another 25% of stocks of "Grand prom", "Droga Kolinska" has become the only owner of that company (100% of stocks). "Droga Kolinska", which is majority owned by Kopar-based "Istrabenz", used the opportunity at the end of January and bought 25% of "Grand prom" from Slobodan Vučićević, who is the president of administration of that company. According to the contract, "Droga Kolinska" was able to use the option for procurement of the remaining share prior to 2011.

"Droga Kolinska" financed the procurement from the issue of bonds that were bought by 16 investors, including Slovenian Capital Fund and Indemnity Fund, at the beginning of December. It is a business secret how much "Droga Kolinska" paid for one quarter of "Grand prom", but it known that Vučićević got 58m EUR for 75% of the company in 2005.

Slobodan Vučićević, who will stay on the position of the president of the administration of "Droga Kolinska", intends to invest part of the earned funds, about 50m EUR, in construction of new tourist destination in Serbia, at Silver Lake, 120 km away from Belgrade.

Investments in construction of three hotels, tourist-congress and recreation center, aqua city and trade center are in the pipeline.