R22 Completes Phase 1 of H88 Minority Stake Buyout for EUR 6.8m

R22 has completed Phase 1 of its minority stake buyout in H88 S.A., acquiring a 14.25% stake for EUR 6.8m. R22 holds the #2 position in the Croatian hosting market and retains an option to purchase the remaining shares by 10 February 2020.

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R22 has completed Phase 1 of its minority stake buyout in the hosting segment: the company has acquired a 14.25% stake in H88 S.A. for EUR 6.8m. R22 holds a call option to purchase the remaining shares by 10 February 2020. The Group is the second-largest hosting provider in Croatia.