ZAGREB (Croatia), November 19 (SeeNews) - Croatia on Wednesday said it offered for sale 74-percent stakes in three units of its railways company, lowering the call price for each of them after previous tenders failed to attract investors.
The Croatian Privatisation Fund (HFP) said it is offering for sale rolling stock repairers Remont Zeljeznickih Vozila Bjelovar and Remont I Proizvodnja Zeljeznickih Vozila Slavonski Brod, and tourism company Zeljeznicko Ugostiteljstvo Zagreb.
The government's asset-selling body said in tender notices on its website it has cut the starting price for the majority stake in Remont Zeljeznickih Vozila Bjelovar’s to 31.2 million kuna ($5.5 million/4.4 million euro) from 39 million kuna it asked in a previous tender held this autumn.
The call price for the majority stake in Remont I Proizvodnja Zeljeznickih Vozila Slavonski Brod was cut to 20.8 million kuna from 26 million kuna and the starting price for 74% of Zeljeznicko Ugostiteljstvo was slashed to 42.4 million kuna from 53 million kuna.
The potential bidders are required to keep the core business of the three units of Croatian Railways which have a combined workforce of 660.
The deadline to submit bids in each of the three tenders is 2 p.m. (1300 GMT) on December 19.
(1 euro = 7.1266 Croatian kuna)
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