Published: 06. 11. 2017. , Updated: 06. 11. 2017.


The deadline for submitting the Letters of Intent is November 13, 2017 until twelve o'clock.

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REPUBLIC OF CROATIA
RESTRUCTURING AND SALE CENTRE
Ivana Lučića 6, 10000 Zagreb

In accordance with the Act on Managing and Disposal of Asset owned by the Republic of Croatia (Official Gazette 94/13 and 18/16), relevant Regulation (Official Gazette 129/13 and 66/14) and the Decision of the Management Board of the Restructuring and Sale Centre dated November 02, 2017, Ref.No. 024-04/17-03/9, 360-00/02-2017-6; 024-04/17-03/9, 360-00/02-2017-7 and 024-04/17-03/9, 360-00/02-2017-8 the process of selling shares of the following joint-stock Companies starts, and hereby it is announced:

Public Invitation for expression of interest for purchasing shares owned by the Republic of Croatia and Restructuring and Sale Center in the following joint-stock Companies through process of public tenders

No

Companies

No of shares

Share Capital in %

1

HOTELI MAESTRAL d.d. Dubrovnik

355.520

68,94

2

HOTELI MAKARSKA d.d. Makarska

621.086

55,48

3

JADRAN d.d. Crikvenica

34.754.768

70,74

Interested investors are invited to submit Letters of Intent to purchase shares of the above mentioned joint-stock companies. Letter of Intent shall be submitted for each company individually.

The deadline for submitting the Letters of Intent is November 13, 2017 until twelve o'clock.

The date of submission of a Letter of Intent is the day of receiving the Letter in the Restructuring and Sale Center (hereinafter: RSC). Letters of Intent submitted after the previously mentioned deadline are not valid and will not be taken into consideration.

A potential bidder in a Letter of Intent is obligated to provide contact information (name of contact person, address, telephone number, fax number, e-mail address). The Letter of Intent has to submit in Croatian language i.e. the original must be translated into Croatian language by the certified court interpreter, if it is submitted by a foreign investor.

After the RSC collects the Letters of Intent for purchase of shares of the above mentioned Companies and the final decisions on the initial price, terms and implementation process of collecting binding bids have been made, only those investors, who have submitted the Letter of Intent to RSC within the deadline, will be in writing invited to submit binding bids for the purchase of shares of the particular company.

Letters of Intent marked as "LETTER OF INTENT FOR EXPRESSION OF INTEREST FOR PURCHASE OF SHARES IN THE JOINT-STOCK COMPANY _________________ (specify the company name)" must be submitted to the following address:

 

Restructuring and Sale Center

Ivana Lučića 6

10 000 Zagreb

The Republic of Croatia