March 14 (SeeNews) - Croatian shipyard 3. Maj Brodogradiliste has called for expressions of interest in purchasing its fully-owned subsidiary 3. Maj Rijeka 1905.
The share capital of the unit is 10.3 million euro ($11.3 million), according to the invitation, which was published on Wednesday by local business magazine Lider.
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The potential sale price and the other terms of the sale were not disclosed.
According to business daily Poslovni Dnevnik, the 3. Maj Rijeka 1905 unit will take over the operations and infrastructure of debt-ridden 3. Maj Brodogradiliste.