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Hipol from Odzaci sale contract signed
Belgrade,
7 March 2006
The Serbian Privatisation Agency stated yesterday that its representatives signed a sale contract with representatives of the company R. Polimeri S.p.A. from Italy. The contract concerns the sale of 100% of the socially owned capital of the polymer producer Hipol from Odzaci.
The purchase price was €1.5 million, with an investment programme worth €4.53 million; the buyer also unconditionally accepted the minimum obligation from the company’s social welfare programme, reads the statement.
At the tender for the sale of 100% of the socially owned capital of the company Hipol from Odzaci, which represents 98.97% of the company's total capital, offers were submitted by Italy's R. Polimeri S.p.A. and ORKA from Slovenia. The bids were opened at the tender commission's first session, held on December 8, 2005.
At the second session, held on December 29 last year, the commission unanimously accepted the results of the tender and approved the tender list according to which R. Polimeri S.p.A. from Italy was declared the top ranked bidder and ORKA from Slovenia the second ranked, concludes the statement.
At the tender for the sale of 100% of the socially owned capital of the company Hipol from Odzaci, which represents 98.97% of the company's total capital, offers were submitted by Italy's R. Polimeri S.p.A. and ORKA from Slovenia. The bids were opened at the tender commission's first session, held on December 8, 2005.
At the second session, held on December 29 last year, the commission unanimously accepted the results of the tender and approved the tender list according to which R. Polimeri S.p.A. from Italy was declared the top ranked bidder and ORKA from Slovenia the second ranked, concludes the statement.
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