The asking price for a 68.26% stake in Hoteli Maestral d.d. (ZGSE:HMST-R-A) that is up for sale has been set at HRK 168.4 million, data from the website of the state asset management office, DUUDI, indicated. In the initial round, Republic of Croatia received seven non-binding letters of intent (LoI) for the purchase of the 352,022 Hoteli Maestral shares on offer, data published on DUUDI's website on Decembe 24, 2014 showed. Along with fixing an asking price, CERP has also taken a decision to start collecting binding bids for the Hoteli Maestral stake, DUUDI said.

Only candidates that have filed LoIs are eligible to take part in the next phase of the sell-off process. They will have 45 days to submit binding bids after being formally invited to do so.