January 17 (SeeNews) - Croatian shipbuilder Uljanik, which is undergoing a bankruptcy procedure, said it is offering for sale its 77,436 shares of engine manufacturer Adriadiesel, equal to a 12.41% stake in the company, for a minimum price of 514,175 euro ($557,200).
Written bids for the sale of the stake could be submitted by January 30, Uljanik said in a statement on its website last week. The bids will be opened on February 1.
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The top-ranked bidder is due to sign a deal for the purchase of the shares until February 15.
Uljanik is the second-biggest shareholder in Karlovac-based Adriadiesel, following local management company Jadranska Ulaganja which owns 68.81%, according to data from the central depositary agency SKDD.
($ = 0.923 euro)