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The Government of the Republic of Serbia

In the service of citizens

Bids opened for Stari Tamis from Pancevo

Belgrade, 30 July 2008

The Serbian Privatisation Agency has stated that bids for the sale of the capital of agricultural producer Stari Tamis from Pancevo were opened today.

According to the statement issued by the Privatisation Agency, the first session of the tender commission in charge of monitoring implementation of the public tender for the sale of 71.50% of the company’s total registered capital began on July 9, and was continued on July 18, and the second part of the first session and final opening of bids was held today.

It was stated at the session that tender documentation was bought by Srbijateks from Belgrade, United Business Holding from Switzerland, Neoplanta meat industry from Novi Sad, MK Group from Belgrade, Ekstra-Pet from Belgrade, Agromarket from Kragujevac and Irva Investicije from Belgrade.

The commission stated that five offers were submitted within the deadline of June 30 by: consortium Almex, Pancevo and Agromarket, Kragujevac, MK Group, Belgrade, Neoplanta, Novi Sad, consortium Broadhurst Investments, Nicosia and Srbijteks, Belgrade, and consortium PIK Becej – Poljoprivreda, Becej and Irva Investicije, Belgrade.

Based on an analysis of qualification documents and the opinion of advisors to the Privatisation Agency, the tender commission established that four bids meet the qualification conditions.

Bidders that meet qualification conditions are: consortium Almex, Pancevo and Agromarket, Kragujevac, MK Group, Belgrade, Neoplanta, Novi Sad, consortium PIK Becej – Poljoprivreda, Becej and Irva Investicije, Belgrade. The bid submitted by the consortium Broadhurst Investments Ltd, Nicosia and Srbijteks, Belgrade was rejected as incomplete.

The Privatisation Agency’s advisors will assess the four qualified bids, which will be presented to the tender commission at the next session, at the latest within 30 days of opening the bids.