August 1 (SeeNews) - Croatia's center for enterprise restructuring and privatisation, CERP, has set the minimum price for the sale of a 68.94% stake in hotel operator Hoteli Maestral at 126.8 million kuna ($20 million/17.1 million euro), the company said on Wednesday.
The state-run CERP will soon invite binding bids for the purchase of 355,520 shares in the hotel company, Maestral said in a filing to the Zagreb Stock Exchange.
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The deadline for the submission of binding bids will be 45 days from the date the tender is published.
The state's stake in Maestral is worth a nominal 71.1 million kuna.
In March, CERP launched a tender for the sale of the 68.94% stake in Hoteli Maestral.
CERP's previous attempt to sell Maestral failed in February, after it rejected the bid lodged by Czech company J&T IB Capital Market. At the time the minimum price was set at 114.3 million kuna.
Another call finished unsuccessfully in September 2016, as no bids were submitted.
(1 euro=7.40470 kuna)