ZAGREB, June 4 (Hina) - The Croatian Privatisation Fund (HFP), in cooperation with the Economy Ministry, will suggest to the government the sale of the first 25 companies which might be covered by the new Payment Operations Law's
provision relating to accounts frozen for more than 60 days. These bad debtor companies would be sold for one kuna to bidders that would offer to take over the responsibility of old debts with the least amount of write off.
ZAGREB, June 4 (Hina) - The Croatian Privatisation Fund (HFP), in
cooperation with the Economy Ministry, will suggest to the
government the sale of the first 25 companies which might be covered
by the new Payment Operations Law's provision relating to accounts
frozen for more than 60 days. These bad debtor companies would be
sold for one kuna to bidders that would offer to take over the
responsibility of old debts with the least amount of write off. #L#
HFP Vice Chairman Kresimir Starcevic told reporters on Tuesday that
there was a considerable number of companies in the fund's
portfolio to which the said provisions might refer. Therefore a
program is drawn up about their sale via tenders. The first group of
companies include ship-yards: "3.Maj" in Rijeka, Kraljevica,
Brodotrogir and Brodosplit, and tourist companies in the Dubrovnik
area.
The HFP is drawing up two lists of companies. The first list will
include companies for which some interest has been expressed and
the other list would be of the remaining companies. The HFP will
instigate bankruptcy procedure in accordance with those groups.
Starcevic told a press conference that four companies previously
added to a list of 13 tourist companies that should be covered by a
special programme, had been subsequently excluded from that group.
Interest has been expressed in the purchase of those four firms -
Suncani Hvar, Primosten, Makarska and Mlini - and they will soon be
offered for sale. Three potential buyers from Britain, Hungary and
Italy, have shown interest in Primosten.
(hina) sb ms