Bids to privatise the Smederevo steel mill will be opened Friday, and Tanjug has learned that China’s HBIS is the only company that submitted a bid before the expiry of the deadline.
The initial price of the Smederevo giant, which has around 5,000 employees, is EUR 45.68 million – 50 percent of its estimated worth.
Minister of Economy Zeljko Sertic told Tanjug that the suitability of the bid will be determined within the next two weeks.
An invitation for bids was issued on March 4 and the deadline expired on Wednesday, March 30.
It has been announced that the Chinese company is also interested in opening a welded tube manufacturing plant in Smederevo, into which it would invest around EUR 300 million.
The steel mill has been under professional management by HPK Engineering since April last year.
The Serbian government signed an agreement with the company after an unsuccessful attempt to sell the plant in a tender.
Source: Tanjug
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