Croatia seeks minimum 150.1 mln kuna (19.9 mln euro) for 55% of Hoteli Makarska

CERP will seek 241.65 kuna for each of 621,086 shares in the hotel company in its call for binding bids, which should be launched within the next two weeks, Makarska said in a filing to the Zagreb Stock Exchange.

CERP has received 26 non-binding bids for the majority stake in Hoteli Makarska, the hotel operator noted.

Last week, CERP said it has received 88 non-binding bids for majority stakes in three local hotel operators, including Makarska.

The procedure for public bidding is being conducted in two rounds, the first of which was concluded on November 13. CERP said at the time it will invite binding bids from those investors who have submitted their expressions of interest after determining the statring price.

The stake intended for sale in Hoteli Makarska is worth a nominal 124.2 million kuna, it also said.

Croatia has unsuccessfully tried to sell the hotel operator in the past.

(1 euro=7.56173 kuna)