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The Government of the Republic of Serbia

In the service of citizens

Bids for purchase of Industry of machines and tractors from Belgrade opened

Belgrade, 14 January 2008

The Serbian Privatisation Agency stated at its session today that bids for the purchase of 100% of socially-owned capital of the Industry of machines and tractors (IMT) from Belgrade was opened today.

By the deadline of November 30, 2007, three consortiums submitted the bids for the purchase of the 100% of socially-owned capital of IMT, which is 94.5% of its total registered capital.

The bids were submitted by consortium "HASS-SIP", consisting of "Home Art & Sales Services" AG and "SIP" Strojna industrija D.D. from Slovenia, the consortium made up of "Neverfield Limited" and "Pol-Mot Warfarma" S.A. from Poland, and the consortium "Agri investments" consisting of "MCP Properties" d.o.o. and "Adriano Corsi" SpA from Italy.

All three bidders fulfil the qualification criteria from the public invitation for the sale of IMT socially-owned capital.

Consortium "HASS-SIP" offered the purchase price of €121,111,111 and investment worth €10.27 million.

The consortium consisting of "Neverfield Limited" and "Pol-Mot Warfarma" S.A. offered the purchase price of € 109.3 million and investment worth €13 million. The consortium "Agri investments" offered the purchase price of € 76 million, while no offer was made for the amount of investment.

All three bidders accepted unconditionally to implement a social welfare programme. The Privatisation Agency will examine the bids within 30 days and present the results at the next session of the tender commission.