May 25 (SeeNews) - Croatia's state-owned fund for enterprise restructuring and privatisation, CERP, said it has issued a public call for binding bids for minority stakes in 12 local firms worth a combined 5.7 million euro ($6.1 million).
The most expensive stake on sale is a 11.77% shareholding in Sisak-based bakery chain Mlin I Pekare, worth an estimated 3.7 million euro, CERP said on its website on Wednesday.
You can subscribe to our M&A newsletter here
CERP is also selling a 33.77% stake in Brac airport for a starting price of 2 million euro.
Submission of offers for Mlin I Pekare and Brac airport closes on June 29, whereas the deadline for receiving bids for a 0.12% stake in hotel operator Olympia Vodice is June 14.
Interested parties can submit their bids for minority stakes in UP Jadran, Union, Tehnomont, Montaza Projekti, Isto Grupa, Grand Hotel Imperial, Gradevinar-Quelin, GP Krk and DTR until June 5.
($ = 0.932 euro)