Sale of 36.9% of Recreatours' capital

The Ministry of Economy opened a public call for the sale of 36.9% of the shares of Recreatours AD Beograd at the initial price of EUR 3.77 million, 50% of the estimated value of the capital, today.

Serbia owns 26.1% of the capital, 5.8% is owned by Akcionarski fond AD Beograd, 4.9% belongs to the National Bank of Serbia, and 63% is owned by other shareholders.

The sale of a part of the capital of Recreatours, with the seat in Vojvode Misica Blvd, will be carried out through a public collection of bids with a public auction.

Eligible applicants are local and foreign natural and legal persons, as well as consortia of natural and legal persons, and applications can be made by October 29, 2018, at 3 pm.

Interested parties must pay the deposit of EUR 755,270, and the opening of the bids will take place at the premises of the ministry, at noon.

Recreatours was founded in 1953, and the company's site says that it has been oriented to the segment of youth and workers' tourism, that is, the program of vacations and worker recreation, since day one.

It has been a member of YUTA since its foundation, and today, Recreatours owns hotels in Serbia and Montenegro with the capacity of 4,300 beds.

In Serbia, it owns hotels Olga Dedijer on Kopaonik and Srebrno Jezero in Veliko Gradiste.

In Montenegro, Recreatours owns hotel Sumadija in Rafailovici and the tourists settlement Biserna Obala in Canj.

Recreatours a.d. Beograd

Ministarstvo privrede Republike Srbije

Akcionarski fond Beograd

Narodna banka Srbije Beograd

PU YUTA Beograd

Recreatours AD Beograd

Ministry of Economy

Akcionarski fond

AD Beograd

National Bank of Serbia

sale of Recreatours shares

Recreatours share

YUTA

hotel Olga Dedijer

hotel Srebrno Jezero

hotel Sumadija

tourist settlement Biserna obala