October 26 (SeeNews) - Bosnian lender BH Banka which is in bankruptcy proceedings is selling its 19.9% stake in Sarajevo-based Hotel Grand for 998,850 marka ($592,700/510,700 euro), local media reported.
The sale will be carried out via a public auction on November 22, news portal Ekapija reported on Monday.
Potential bidders have to pay a deposit of 10% of the starting sale price to be eligible for participation in the auction.
BH Banka has been in bankruptcy proceedings since 2012.
(1 euro = 1.95583 marka)