The state is selling its 61.6% stake in therepair yard.

The country’s tender commission willevaluate the bid in the next seven days, SeeNews reported.

The successful bidder must invest at least EUR 15m ($20.7m) in fixedassets over a period of three years.

Italy's Fincantieri anda consortium led by Cyprus-registered Blotraco Shipping had pre-qualified tobid, but dropped out.