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Consortium HASS-SIP withdraws from purchase of IMT from Belgrade
Belgrade,
15 May 2008
The Serbian Privatisation Agency stated that consortium HASS-SIP informed the agency today that it withdrew from the purchase of the Industry of Machines and Tractors IMT from Belgrade.
The reason for that is that the banks with which HASS-SIP had an agreement on financing decided to suspend their investments in Serbia at present.
That is why the consortium was unable to obtain funds to pay the guarantee for the purchase, not even within the extended deadline of 5 days, which expired today.
That is why the agency will offer the second-ranked bidder to sign the contract of sale. The second-ranked bidder is a consortium consisting of Neverfield Limited from the British Virgin Islands and Pol-Mot Warfarma SA from Poland, which offered a purchase price of €109,300,000 and a €13 million investment.
That is why the consortium was unable to obtain funds to pay the guarantee for the purchase, not even within the extended deadline of 5 days, which expired today.
That is why the agency will offer the second-ranked bidder to sign the contract of sale. The second-ranked bidder is a consortium consisting of Neverfield Limited from the British Virgin Islands and Pol-Mot Warfarma SA from Poland, which offered a purchase price of €109,300,000 and a €13 million investment.
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