The Republic of Croatia

The Croatian Privatization Fund

 

Invitation to bid for purchase of

shares in the companies from the state tourism portfolio

 

Shares are held in the portfolio of the following institutions: Croatian Privatization Fund, State Agency for Deposit Insurance and Bank Rehabilitation and Croatian Pension Insurance Institute

Company name

Headquarters

Registration Nr. / Commercial Court

Initial Price of the bid

Number of shares for sale

Percentage of shareholder's equity (%)

BIZOVACKE TOPLICE d.d.

BIZOVAC

Tt - 99/1554-4, Osijek

    79,725,240 KN

52,108

98,88

BRNA HRO d.d.

SMOKVICA

Tt - 95/977-4, Split

      2,093,350 DM

29,905

73,25

HOTEL LERO d.d.

DUBROVNIK

Tt - 0/147-2, Dubrovnik

      1,419,510 KN

141,951

84,42

HOTEL MEDENA d.d.

TROGIR

Tt - 99/2147-4, Split

    48,522,390 KN

231,059

58,67

HOTEL SPLIT d.d.

SPLIT

Tt - 95/5610-10, Split

    15,373,400 DM

21,962

60,46

HTP HOTEL LAPAD d.d.

DUBROVNIK

Tt - 97/591-4, Dubrovnik

    10,267,810 KN

146,683

79,94

HTP KOLOCEP d.d.

KOLOCEP

Tt - 00/354-2, Dubrovnik

         697,345 KN

139,469

88,43

HOTELI SREBRENO d.d.

 MLINI

Tt - 00/88-6, Dubrovnik

      9,457,740 KN

315,258

65,41

KASTELANSKA RIVIJERA d.d.

KASTEL STARI

Tt - 95/3096-10, Split

    15,535,800 DM

221,940

72,02

KOMPAS HOTEL DUBROVNIK d.d.

DUBROVNIK

Tt - 00/151-3, Dubrovnik

         724,600 KN

144,920

83,31

OSMINE d.d.

SLANO

Tt - 00/146-2, Dubrovnik

         696,800 KN

139,360

94,98

TUP LOVOR d.d.

LUMBARDA

Tt - 99/06, Dubrovnik

      3,531,960 KN

39,244

89,41

 

Period for purchase of Tender documentation: starting January 23, 2002 to March 1, 2002 by 12.00 Hours

Deadline for submission of bids: March 4, 2002 by 14.00 Hours

 

The bidders can receive the Tender documentation at the CPF's premises (address: Zagreb, Ivana Lucica 6, telephone +385 (0)1 4596 339) on working days from 09.00 to 12.00 Hours. The Tender documentation will be made available after receipt of Euro 1,000.00, to be paid to the "Croatian Privatization Fund" at its bank account with Privredna banka Zagreb, No. 71210 - currency - 315811, with reference to the company in question. The payment slip must indicate the name of the bidder. Upon the purchase of the Tender documentation and pursuant to a prior request, the bidder acquires the right to conduct the CPF-authorised due diligence in an individual company.

 

NOTE: The CPF has prepared a CD-ROM containing short company profiles on the listed and other companies from the state portfolio in different industry sectors, information on procedures of aquiring shares and interests, privatization history etc. Upon a request and delivery of a short profile of the potential investor to the CPF, the same will be delivered the CD-ROM to a desired address free of charge. In the case the potential investor is interested in investing in any of the companies listed on the CD-ROM through acquiring shares or assets of the companies, the CPF constantly accepts non binding Expressions of Interest with investment proposal outlined.

 

Contact information:

Croatian Privatization Fund, Ivana Lucica 6, 10000 Zagreb, Croatia

Fax:    + 385 (0) 1 6115-568, email:  investcroatia@hfp.hr

Privredna banka Zagreb account: 71210 - currency - 315811

The same advertisement is currently posted in the domestic daily newspapers "Jutarnji list" and "Vjesnik" and in the international edition of the "Financial Times".