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BIDS INVITED FOR PURCHASE OF CRO HOTELS' MAJORITY BLOCKS OF SHARES

ZAGREB, Feb 27 (Hina) - The Croatian Privatisation Fund on Tuesday announced in the domestic press and Financial Times an international invitation to bid for the purchase of majority blocks of shares in 21 hotel companies. The companies' shares on sale are part of a unified state portfolio. Most of the companies are from southern Croatia, primarily from Dubrovnik-Neretva County. Bids will be received by April 11. The largest block of shares belongs to the Bizovac Spa company, whose 98.88 percent of shares are sold at an initial price of 88.5 million kuna (about US$10.53 million). On sale are also the shares of well-known hotels Plat, Lero, Libertas and Belvedere from Dubrovnik, Croatia from Cavtat, Medena from Trogir, and Holiday from Zagreb.(hina) sb rml
ZAGREB, Feb 27 (Hina) - The Croatian Privatisation Fund on Tuesday announced in the domestic press and Financial Times an international invitation to bid for the purchase of majority blocks of shares in 21 hotel companies. The companies' shares on sale are part of a unified state portfolio. Most of the companies are from southern Croatia, primarily from Dubrovnik-Neretva County. Bids will be received by April 11. The largest block of shares belongs to the Bizovac Spa company, whose 98.88 percent of shares are sold at an initial price of 88.5 million kuna (about US$10.53 million). On sale are also the shares of well-known hotels Plat, Lero, Libertas and Belvedere from Dubrovnik, Croatia from Cavtat, Medena from Trogir, and Holiday from Zagreb. (hina) sb rml

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