International tender for public procurement of advisory services in privatization of Croatian Postal Bank
Government has published a 45 page detailed overview document which encompasses the details required for interested parties to submit their bids for financial/privatization consultant of the HPB. Offers should be submitted to the finance ministry by August 21, a tender notice posted on the website of the ministry last week indicated.
The state-owned equity is planned to be divested through public offering or private placement.The Croatian government owns 51.46% of HPB through the Agency for State Property Management.
According to the tender information memorandum, HPB is the seventh largest among Croatia’s 32 banks in terms of assets.