BELGRADE (Serbia), October 12 (SeeNews) – Serbia's economy ministry has launched a tender for the sale of the 32.6% state-owned stake in Belgrade-based hotel Prag with a starting price of 2.7 million euro ($3 million).
The deadline for the filing of offers is November 4, the economy ministry said in a statement on its website on Tuesday.
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Hotel Prag is majority owned by Novi Sad-based company IB Investment with a 63.9% stake. The state owns 32.6%, while the remainder is in the hands of minority shareholders.
In 2007, the hotel was purchased for 10 million euro by a consortium of local companies which later resold their stakes.
($= 0.906173 euro)