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Finance ministry receives one bid for advisor in HPB privatisation

Autor: half
ZAGREB, Aug 21 (Hina) - The Finance Ministry has received one valid offer for an advisor in the privatisation of the Croatian Postal Bank (HPB) by a group of bidders comprising the KPMG Croatia company from Zagreb, KPMG Advisory Ltd. from Budapest, and the Savoric & Partneri law firm from Zagreb, the ministry said on Tuesday.

According to unofficial reports, the bidders seek HRK 8.47 million for counselling in the sale of the state's 51.46 per cent stake in the HPB. When one adds VAT, the cost rises to HRK 10.5 million.

Bids were invited in July and the deadline for their submission expired today.

The ministry said it would make a decision within 30 days of opening the bids.

(Hina) ha

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