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CERP announces tender for sale of MID engines and cranes company

ZAGREB, Jan 12 (Hina) - The Restructuring and Sale Centre (CERP) on Monday issued a public invitation for expression of interest in purchasing shares in the Rijeka-based engines and cranes company 3. Maj Motori i dizalice (MID).

Potential investors should submit their letters of interest by 3pm on February 11, 2015. After the CERP collects letters of intent and decides on a starting price, terms and conditions, and the procedure, investors who have submitted their letters of intent by the set deadline will be invited to submit their binding offers.

The 3. Maj MID company was divested from the 3. Maj shipyard before its privatisation. Its main line of business is production, assembly and servicing of diesel engines and onboard cranes.

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