Turkey's Makyol wins 382 mln euro tender to build motorway section in Romania
Kosovo's electricity output rises in July
Bosnia's Serb Republic seeks concessionaires for 180 MW solar plants
Bosnia's share indices close mixed in week ended Sept 22
Kosovo's trade gap expands 3.1% y/y in Aug
Nov 13, 2009 18:31 EEST
ZAGREB (Croatia), November 13 (SeeNews) – Croatian civil engineering company Ingra said on Friday it has launched a tender for the sale of its Arena Zagreb sports hall in the Croatian capital.
The bidding deadline is December 11, Ingra said in a statement posted on Zagreb Stock Exchange website.
You can subscribe to our M&A newsletter here
Ingra, which declined to comment on the move, apparently wants to get an idea of the market value of the property after the offers it received in direct talks with potential investors disappointed, local news outlet Bankamagazine (www.bankamagazine.hr) reported, quoting unofficial sources.
The owner of the property stands to pocket at least 123.6 million euro in income through 2037, Banka said.
The sports hall has been leased by municipal company Zagrebacki Holding for the next 27 years. The annual lease, payable in equal parts by Zagrebacki Holding and the city of Zagreb, is 7.2 million euro, the news outlet said.
According to Banka, Ingra estimates the investment in the facility, completed in December 2008, at 100 million euro.
The sports hall was built under a private-public partnership arrangement.
Ingra shares, a component of the 24-share blue-chip Crobex index of the Zagreb bourse, were trading up 0.02% at 45.04 kuna ($9.2/6.2 euro) by 1500 GMT on Friday.
(1 euro=7.2996 Croatian kuna)
You have run out of free articles this month.
Sign up in for
and get two (2) free articles more per month or sign up for
and get unlimited access.
Browse our free newsletter options