Matosinhos puts up for sale 0.33% of the capital stock of Leixões Sport Club
The base bidding value is 1,000 euros, says the notice.
The public auction will take place in the building of the Town Hall of Matosinhos, on January 3, at 10:30, it adds.
"The value of the minimum bid is set by the commission in an amount not less than 1% of the base bid," notes the Official Gazette.
According to the notice, bidding ends when the chairman of the commission has announced three times the highest bid and it is not covered.
Payment for the stock lot will be made 25% upon provisional award and the remaining 75% within five working days from the date of notification of the final award, the notice explains.
"The decision to make a final award or not is the responsibility of the Municipality of Matosinhos, which should be notified to the interested party by registered letter with acknowledgment of receipt within a maximum period of 30 days from the provisional award," he says.
And adds: "The Municipality of Matosinhos reserves the right not to definitively adjudicate the sale of the lot of shares if there is well-founded evidence of collusion between the bidders, there is a relevant error on the identification of the bidder or the asset or other justifiable cause, as long as grounded in law.
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