Velebit Osiguranje was almost fully recapitalized by company Velebit Usluge, in which Pozavarovalnica Sava controls a 100 percent stake. Other investors managed to subscribe for little over EUR 1,000. Velebit Usluge thus increased its stake in Velebit Osiguranje by almost 8 percent, i.e. from 51.41 percent to 59.19 percent.
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CROATIA: Sava Re indirectly recapitalizes Velebit Osiguranje