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Nov 21, 2017 15:44 EEST
November 21 (SeeNews) - Croatia's state-run Center for Enterprise Restructuring and Privatisation, CERP, said it has received 88 non-binding bids for majority stakes in three hotel operators.
Earlier this month, CERP called for expressions of interest in the purchase of a 68.94% stake in hotel operator Hoteli Maestral, a 55.48% stake in Hoteli Makarska and a 70.74% stake in another hotel operator, Jadran.
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CERP commented in a statement that the number of received bids shows that domestic and foreign investors are very interested in the country's tourism portfolio.
The procedure for public bidding is being conducted in two rounds, the first of which was concluded on November 13.
CERP will now determine the initial price and then invite binding bids from those investors who have submitted their expressions of interest.
The stake intended for sale in Hoteli Maestral is worth a nominal 71.1 million kuna ($11 million/9.4 million euro), in Hoteli Makarska 124.2 million kuna and in Crikvenica-based Jadran a nominal 347.5 million kuna, CERP said earlier.
Croatia has unsuccessfully tried to sell the three hotel operators in the past.
(1 euro=7.5661 kuna)
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