June 6 (SeeNews) - Croatia's state-owned fund for enterprise restructuring and privatisation, CERP, said on Monday it is offering for sale its entire interest of 17.9% in fertiliser producer Petrokemija, or 9,852,828 shares, at a starting price of 305.4 million kuna ($43.5 million/40.6 million euro).
The overall nominal value of the shares is 98.5 million kuna, CERP said in a public call for binding bids for its stake in the company.
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The deadline to submit binding bids is July 6.
The shareholders of Petrokemija decided to delist the shares from the Zagreb bourse in February. Back then, CERP was the second largest largest shareholder in Petrokemija with a stake of 17.90%.
Terra Mineralna Gnojiva, a joint venture of local oil and gas group INA [ZSE:INA-R-A] and gas company Prvo Plinarsko Drustvo (PPD), was the largest shareholder with 54.517% interest in Petrokemija back then.
(1 euro=7.521 Croatian kuna)