Croatia's Djuro Djakovic Holding Asks 63.3 Mln Kuna (8.9 Mln Euro) To Sell Control of Assembly Services Unit

The company’s capital is 75,955,800 kuna, divided in 253,186 shares with nominal value of 300 kuna, Djuro Djakovic Holding said in a statement to the Zagreb Stock Exchange.

The buyer will be required to pay the price in kuna within 30 days from the day of the signing of the sale contract. The potential buyer should also keep the company’s core business and headquarters for five years, keep all current jobs for three years after buying the company and present a business plan for the period 2009-2013.

The company has 1,030 employees.

Tender documents can be bought until November 18. The bids should be received at Djuro Djakovic Holding headquarters by 1200 local time (1000 GMT) on December 16. The offers will be opened at 1300 local time (1100 GMT) on December 16 and the best offer shoudl be chosen by January 23, 2009, at the latest.

Djuro Djakovic Montaza, which assembles and maintains steel structures like bridges, power plants and petrochemical facilities, expects a net profit of 3.58 million kuna this year, little changed from 2007. It is headquartered in Slavonski Brod, in eastern Croatia.

The shares of the holding company were traded at 96 kuna by 1005 GMT on Monday, down from the 100 kuna closing price on Friday.

(1 euro = 7.106 Croatian kuna)