Tatry Mountain Resorts to issue new shares
Tatry Mountain Resorts (Igor Rattaj) plans to issue €136m of new shares to reduce its €400m debt. It will use the money to pay off its bonds early. If the new shares are not fully subscribed by existing shareholders, new investors can also buy them. The shares are being offered after a record year in which sales soared to €188m and EBITDA jumped 76% to €59m. But the result was a loss of €0.5m. Ski resorts, hotels, and water and amusement parks all had a good season.
