Q:
A:
Commission opens bids in Kikinda foundry tender
Belgrade,
22 April 2004
A tender commission for the privatisation of 100 percent of the socially-owned capital of the Serbian foundry Livnica Kikinda held its first meeting yesterday and said that CIMOS Koper from Slovenia placed the sole bid in the tender.
If the offer is accepted, the Serbian Privatisation Agency will start negotiations with creditors on a restructuring programme since Livnica Kikinda is the first local company to enter the tender sale procedure from restructuring.
Only if creditors accept the restructuring programme, whose integral part is the Slovenian company’s offer, the regular public tender procedure will continue.
The public tender sale through restructuring differs from the regular tender procedure in a way that a positive evaluation of an offer is not the end of the transaction. The transaction is completed only if creditors approve a proposed restructuring programme.
French company FONDATEX, Vivier-au-Court, also purchased the tender documentation but has failed to place an offer.
Only if creditors accept the restructuring programme, whose integral part is the Slovenian company’s offer, the regular public tender procedure will continue.
The public tender sale through restructuring differs from the regular tender procedure in a way that a positive evaluation of an offer is not the end of the transaction. The transaction is completed only if creditors approve a proposed restructuring programme.
French company FONDATEX, Vivier-au-Court, also purchased the tender documentation but has failed to place an offer.
-
Belgrade, 16 May 2024Strengthening economic cooperation with Turkey, Bulgaria
-
Belgrade, 15 May 2024Cooperation with EDF in energy transition important for Serbia
-
Belgrade, 9 May 2024New Chinese investments in Serbian energy sector worth €2.7bn
-
Belgrade/Washington, 18 April 2024Serbia receives support from the IMF for everything it has done so far
-
Belgrade/Mostar, 16 April 2024Cooperation prerequisite for region’s economic progress
-
Belgrade/Budapest, 9 April 2024Serbia, Slovenia, Hungary join their electricity exchanges
-
Belgrade/Paris, 9 April 2024Serbia interested in expanding cooperation with France in many areas
-
Belgrade, 3 April 2024Construction of solar power plants important project for Serbia's energy sector
-
Belgrade/Budapest, 12 March 2024Regional cooperation key to energy stability
-
Belgrade, 7 March 2024Strengthening regional cooperation for successful energy transition