On 27 September 2011, the  Supervisory Board of Sava d.d. gave its support to the strategy of  business-financial restructuring and consolidation of the Sava Group, which will  serve as a key document for the period 2011-2014. 

• In the first phase, which is already in progress and will be completed by the end of 2011, the activities will focus on assuring liquidity, establishing a new organisational structure of Sava d.d.,  changing  the management model of the Group,  carrying out  the preparations for merging Tourism companies, and creating the conditions for a successful implementation of the strategy for Sava’s restructuring.  

a.) The new organisational structure of Sava d.d. and the change in the management model for a more efficient operation of the Group. 
b.) Merging companies to enhance the level of performance in Tourism.

• In the second phase of the business-restructuring process, which is in progress too and will mostly be performed in the course of 2012,  the restructuring and/or divesting of individual investments of Sava d.d. will take place.
  
  
• In the third phase, which  is planned for 2013 and 2014, the measures for maximising the value of Sava will be carried out. The disinvestment process will continue, while the key activities will focus on further improvements in business and implementing the synergies in the divisions as well as on new potential acquisitions of stakes and take-overs to maximise the value of  investments that Sava d.d. has.