The call for expression of interest was published by the Bank Assets Management Company (BAMC) Wednesday on behalf of shareholders that own 98.7% of the stock.

The company has been undergoing court-mandated debt restructuring since early 2014, after ten creditors converted their claims into equity.

The biggest creditor, Abanka, transferred its claim to the bad bank.

Litostroj Ravne, which had 89 employees at the end of 2014, posted sales of EUR 6.2m last year, down 16% over the year before.

The net loss was at half a million euros, down from EUR 4m in 2013.