Shares of Koncar-EI, Suncani Hvar put on sale by CERP

The Restructuring and Sale Centre (CERP) on Monday announced a Public Invitation for expression of interest for purchasing shares owned by the Republic of Croatia in the Koncar Electrical Industries, and for public auction on the Zagreb Stock Exchange (ZSE) for offered shares in the Suncani Hvar and the HTP Korcula hotel companies.

As for the Koncar-EI, interested investors are invited to submit letters of intent and binding offers by noon on 31 May and CERP puts on sale 20.49% of the company's equity, that is 526,926 shares. The lower limit for the purchase is 15,000 shares or 0.59% of the capital equity, according to a press release issued on Monday on the CERP web site in in daily newspapers.

The lowest price can be HRK 670 per share.

As for "Suncani Hvar". a public auction for the sale of 29.94% of the capital equity is scheduled for 13 June on the ZSE, and shares interests will be possible to purchase only in whole offered package at the starting price of HRK 162.77 million.

"Shares of SUNCANI HVAR d.d., Hvar (hereinafter: Company) may be purchased only as a whole package, meaning that the size of the package is identical to the quantity of the auction item and the starting price is quoted for the entire package. Package of shares will be sold in auction with a variable ending according to Zagreb Stock Exchange Rules," according to the CERP.

"Ownership over the offered shares may be obtained by domestic and foreign legal and natural persons in accordance with the regulations of the Republic of Croatia, through the public Auction represented by a registered member of the Zagreb Stock Exchange, Inc, of their own choice."

As for "HTP Korcula", its shares will be offered in 12 packages at a public auction set for 6 June at the ZSE. Individual package of shares will be sold by the principle "Fill or Kill".

(EUR 1 = HRK 7.5)

Last update: Mon, 23/05/2016 - 11:27

More from Business

Amazon tests checkout-free food store

Online retail giant Amazon is testing a new type of physical store in the US that promises no lines or checkouts,...

BMW to repay record 72 million dollars to Australian car buyers

BMW will have to pay back 72 million Australian dollars (53.8 million US dollars) to car buyers in Australia who...

Eurogroup finance ministers agree to debt relief for Greece

Finance ministers from the countries that use the euro agreed Monday in Brussels to a series of relief measures for...

Greek ferry services remain disrupted as strike extended to Friday

Ferry services in Greece will remain disrupted through the week, after a seafarers' union extended an ongoing strike...

Belgrade Stock Exchange joins SEE Link

The Belgrade Stock Exchange (BELEX) has been connected to the South-East European Link, a project started by...