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Slovenia's Union Hoteli reduces stake in Equinox

Author Radomir Ralev
Slovenia's Union Hoteli reduces stake in Equinox Grand Hotel Union in Ljubljana; Author: Wolfgang Moroder; License: CC BY-SA 3.0, from Wikimedia Commons

LJUBLJANA (Slovenia), June 13 (SeeNews) - Slovenian hotel operator Union Hoteli [LJSE:GHUG] has slightly reduced its stake in real estate company Equinox [LJE:EQNX] to 0.07575% by selling 540 of its shares, Equinox said on Monday.

Union Hoteli disposed of 70 Equinox shares with a value of 3,094 euro ($3,235) on June 9, as well as 470 shares with a value of 20,774 euro on June 10, Equinox said in a filing with the Ljubljana Stock Exchange.

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Following the transactions, Union Hotels Collection dd owns 1,359 Equinox shares, the real estate company said.

Slovenia's Axor Holding is Equinox's majority shareholder with a 75.5% stake, followed by state-owned company Kapitalska Druzba with 18.75%. The remainder is owned by a number of minority shareholders.

Equinox, established on May 3, 2021, was the first real estate joint-stock company to join the Slovenian equity market. On January 31, 1,793,869 of its shares were listed on the standard market segment of the LJSE.

($ = 0.95633 euro)

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