Public call for expressions of interest for the purchase of CLUB ADRIATIC

The Center for Restructuring and Sales (CERP) invites interested investors to express their interest by submitting a letter of intent to purchase three business shares of CLUB ADRIATIC doo Zagreb total ...

The Center for Restructuring and Sales (CERP) invites interested investors to express their interest by submitting a letter of intent to purchase three business shares of the company CLUB ADRIATIC doo Zagreb total nominal value of HRK 120.947.400, which is 100,00% of the Company's share capital.

The business shares in question are owned by the Republic of Croatia, while on 10 October 2014 a pre-bankruptcy settlement procedure was initiated against the Company, which is currently suspended due to initiated administrative disputes. Deadline for submitting a letter of intent to express interest: December 01, 2016 until 15,00 p.m.
When expressing interest, the potential investor is obliged to submit contact information in the letter of intent, and the intention is submitted exclusively in Croatian, ie translated into Croatian by a certified court interpreter, if it is a foreign investor.

Club Adriatic doo Zagreb in their portfolio have apartments Club Vala which have 4 stars and 12 apartments and 3 rooms in Selce, Hotel Croatia in Baska as well as Hotel Alem which has 99 double rooms and 9 double apartments, and hotel Komodor on the Peljesac Riviera opposite the island of Korcula with 278 renovated double rooms. Also, in addition to hotel accommodation, Club Adriatic doo also has the Uvala Slana camp in Selce, the Baško polje camp on the Makarska Riviera and the Perna camp in Orebić. See more about tourist infrastructure here

More info on Public invitation for expression of interest for the purchase of business shares of the company CLUB ADRIATIC doo Zagreb

 

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