August 16 (SeeNews) - Croatia's state-run centre for enterprise restructuring and privatisation, CERP, launched on Wednesday a public call for binding bids for the sale of a 11.75% stake in port operator Luka Rijeka [ZSE:LKRI-R-A] at a minimum price of 77.6 million kuna ($12.3 million/10.5 million euro).
A total of 1,584,124 shares in Luka Rijeka will be sold off-book in a single block transaction on the Zagreb Stock Exchange, CERP said in a filing with the Zagreb bourse.
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The minimum price per share is set at 49.00 kuna and all bids below that sum will be considered invalid.
The stake to be sold is a combination of smaller stakes held by the Croatian government, its health insurance fund, pension fund and CERP.
The deadline for the submission of bids is August 28. The state-run center will then select the best offer, following which the sales transaction will take place.
The government owns a 36.78% stake in Luka Rijeka via its funds and CERP.
(1 euro=7.39504 kuna)