Swiss firm places sole bid for purchase of Croatia's Club Adriatic

Immo Invest Partner has offered to pay 54 million kuna ($8.4 million/7.2 million euro) for 100% shareholding interest, or 6.4 million kuna above the asking price, CERP said in a statement last week.

The expert services of CERP will now make a detailed analysis of the offer.

In November, CERP received 15 letters of intent from investors interested in purchasing Club Adriatic. The government had initially offered its shareholding in the company in three lots.

Club Adriatic has been in a pre-bankruptcy procedure since October 10, 2014, which is currently at a standstill because of administrative disputes.

(1 euro=7.54360 kuna)