Dogus Holding A.S. agreed to acquire 86.8% stake in Villa Dubrovnik Hotelijersko Turisticki-Agencijsko D.D. from Heruc d.d. for TRY 65.1 million on March 12, 2014. Divjak, Topic & Bahtijarevic acted as legal advisor for Dogus Holding A.S.

Dogus Holding A.S. completed the acquisition of 86.8% stake in Villa Dubrovnik Hotelijersko Turisticki-Agencijsko D.D. from Heruc d.d. on April 11, 2014.