Consortium of Serbia's MK Group, Austrian Tourism Group Buys Hotels in Serbian Ski Resort

The consortium was the sole bidder in the tender, the agency told SeeNews, without elaborating on the offered price.

The Privatisation Agency has set a call price of a combined 23 million euro ($30 million) for the assets offered in the tender: two hotels, 102 apartments and a restaurant.

This was the agency's second attempt this year to sell the assets - the Grand and Suncani Vrhovi hotels, the apartments for the hotel staff and the Zvrk restaurant. In the previous tender the call price was set at 45 million euro.

Generalexport, or Genex, was set up in 1952 as a state-owned foreign trade company. By 1991, it had grown into an economic giant which accounted for over 10% of the Yugoslav foreign trade. However, it was hit hard by the international economic sanctions against former Yugoslavia in the 1990s and filed for bankruptcy several years ago.

($ = 0.7789 euro)