The Serbian Privatisation Agency has stated that the tender commission for the sale of 70% of the socially-owned capital of the company “Beogradska Pekarska Industrija”, accepted the tender list at its fourth session held on September 5, according to which the consortium comprising “East Point Holdings Ltd” from Cyprus, and “Zitomlin” from Belgrade is the first ranked bidder. The consortium comprising “Finartis Private Equity” from Cayman Islands, “Arex” from Belgrade and “MK Commerce” from Novi Sad is the second ranked bidder.
Basic elements of the offer of the first-ranked bidder include a purchase price of €2 million, an investment programme worth €6.715 million and the bidder has unconditionally accepted the minimum requirements of the social welfare programme.
After announcing the tender list, the Serbian Agency for Privatisation and the first ranked bidder are to enter a period of negotiations to finalise the details of the sale contract. If negotiations are concluded successfully, the Agency will sign the final contract with the buyer within a period of 30 days.