The judicial liquidator of ONT Carpaţi, VF Insolvenţă SPRL, sells 35% of the bankrupt company shares, including the hotel, casino, parking and Health Academy. The starting price is EUR 22.3 million, excluding of VAT.

According to a representative of the liquidator, the decision of package selling at a significant discount was taken, the shares and the claim, in order to make the offer more attractive for a potential investor. „As a significant shareholder and owner of the biggest hotel claim, the future investor will have a powerful position in the General Assemble of Marriott Shareholders”, he said.

The liquidator also sells the 4 stars hotel New Montana in Sinaia, for EUR 12.13 million, another asset of ONT Carpaţi.

Both assets will be auctioned at the liquidator’s address, on 10.06.2013, 15h30, followed by another two rounds, on 12.06 and 14.06, if the assets are not bought. The tender book for each asset is EUR 5,000 and the participation guarantee is EUR 2 million for each asset.

The biggest loaner of ONT Carpaţi, owner of 93% of shares is Bank of Cyprus through its vehicle Gosman Properties. The bank will be the first beneficiary from the selling of the two assets. the former state tourism company went bankrupt in December last year.

Societatea Companiilor Hoteliere Grand is 65% owned by the Austrian construction company STRABAG, under JW Marriott licence. (source: economica.net)