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Nov 06, 2017 11:08 EEST
November 6 (SeeNews) - Croatia's state-run center for enterprise restructuring and privatisation,CERP, has invited expressions of interest in the purchase of a 68.94% stake in hotel operator Hoteli Maestral, the company said on Monday.
CERP's earlier call for the sale of Maestral failed in September 2106 after the center received no binding bids.
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The government agency is inviting investors to show interest in the purchase of 355,520 shares in Maestral by November 13, the hotel operator said in a filing to the Zagreb Stock Exchange.
In May 2016, CERP invited 15 bidders who had submitted non-binding bids for Hoteli Maestral, to submit their binding offers by July 11. In July, CERP announced the deadline has been extended by 60 days, to September 9, at the request of several bidders. During the duration of the call, seven sets of bidding documents had been purchased by potential investors but no binding offer was received, it said at the time.
Hoteli Maestral owns five hotels in Dubrovnik coastal area.
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