Q:
A:
Deadline for changing ownership structure of socially-owned companies to be prolonged
Belgrade,
18 July 2007
Serbian Minister of Economy and Regional Development Mladjan Dinkic announced today that this ministry will suggest amendments to the Privatisation Law under which the deadline for transforming the ownership structure of socially-owned companies would be prolonged until December 31, 2008.
Mladjan Dinkic
Author:
Tanjug
Dinkic announced in a press conference that a detailed plan for privatisation of socially-owned companies will be presented in the next government session.
He explained that a bankruptcy procedure would be launched after three unsuccessful sales and noted that takeover process should be more transparent and more predominant.
Dinkic outlined that an international tender for sale of Department stores Beograd will be announced on July 27, with an initial price of nearly €140 million.
He expressed expectation that the sale price of Department stores Beograd will be at least €200 million.
The bidding for the department stores should be held in late October, he said and noted that the invitation will be announced in Financial Times.
He also said that next week the ministry will propose a strategy for privatisation of Genex company to the Serbian government and explained that the property of Genex will be sold through bidding, in separate parts.
Genex hotels in Belgrade are first part, the second are those on Kopaonik, then Genex tower in New Belgrade, and then the Jugotours tourist company.
Minister Dinkic said that the Serbian government, at the proposal of the Ministry of Economy and Regional Development, should adopt this week a decision on hiring a privatisation advisor for Jat airways, while the Serbian government's commission for restructuring of public companies will discuss the strategy for privatisation of the NIS national oil company.
Dinkic stated that this session has been scheduled by the Serbian Deputy Prime Minister Bozidar Djelic and voiced hope that next week the Serbian government will make a decision concerning the strategy for privatisation of NIS.
He also announced that an agreement will be signed tomorrow at the Serbian government between representatives of Zastava factory from Kragujevac and General Motors on assembling Opel Astra in the factories of Zastava Cars in Kragujevac.
He said that a tender for privatisation of Zastava Cars will be held in December.
He explained that a bankruptcy procedure would be launched after three unsuccessful sales and noted that takeover process should be more transparent and more predominant.
Dinkic outlined that an international tender for sale of Department stores Beograd will be announced on July 27, with an initial price of nearly €140 million.
He expressed expectation that the sale price of Department stores Beograd will be at least €200 million.
The bidding for the department stores should be held in late October, he said and noted that the invitation will be announced in Financial Times.
He also said that next week the ministry will propose a strategy for privatisation of Genex company to the Serbian government and explained that the property of Genex will be sold through bidding, in separate parts.
Genex hotels in Belgrade are first part, the second are those on Kopaonik, then Genex tower in New Belgrade, and then the Jugotours tourist company.
Minister Dinkic said that the Serbian government, at the proposal of the Ministry of Economy and Regional Development, should adopt this week a decision on hiring a privatisation advisor for Jat airways, while the Serbian government's commission for restructuring of public companies will discuss the strategy for privatisation of the NIS national oil company.
Dinkic stated that this session has been scheduled by the Serbian Deputy Prime Minister Bozidar Djelic and voiced hope that next week the Serbian government will make a decision concerning the strategy for privatisation of NIS.
He also announced that an agreement will be signed tomorrow at the Serbian government between representatives of Zastava factory from Kragujevac and General Motors on assembling Opel Astra in the factories of Zastava Cars in Kragujevac.
He said that a tender for privatisation of Zastava Cars will be held in December.
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