Montenegro calls new tender for sale of tourism company Onogost's assets.

By bne IntelliNews November 16, 2012
The bankruptcy administration of Montenegrin hotel operator Onogost has called a new tender to sell Onogost's assets after the previous four procedures failed due to lack of investor interest, news agency MINA-Business informed. The list of assets for sale includes three hotels - Onogost, Teuta and Niksic, and the Savnik restaurant. The total price for all the assets is set at EUR 26.5mn, down by EUR 3mn as compared to the previous tender. The public auction will be held on December 18. Onogost was declared bankrupt in March, 2012.

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