Croatia Retenders 93.24% Stake in Market Operator Regionalna Veletrznica Benkovac at Token Price

Interested investors can place bids in the tender by 2 p.m. (1300 GMT ) on December 22, the Croatian Privatisation Fund (HFP) said in a tender notice on its website.

The new owner will be required to settle at a discount the company's debt of some 11 million kuna ($1.9 million/1.5 million euro) owed to state creditors and pay off all other debts. In the prevous tender, held this summer, the fund asked for full settlement of all debts to state creditors.

The company’s assets stood at 40.7 million kuna at the end of September, when its total liabilities were 27.4 million kuna. The market operator has 24.2 million kuna in equity capital, divided into 241,635 shares with face value of 100 kuna each.

The potential bidders are required to keep the company’s core business and, at least for one year, its 37 employees. Regionalna Veletrznica is located in Benkovac, southern Croatia.

(1 euro = 7.1246 Croatian kuna)