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Invitation to tender for sale of Jat Airways announced
Belgrade,
31 July 2008
The Ministry of Economy and Regional Development stated that the Serbian Privatisation Agency announced today an invitation to tender for the sale of Jat Airways from Belgrade in the Financial Times and the Serbian daily Politika.
The statement adds that the Agency is offering 51% of the company’s capital for sale, though there is a possibility that 70% of the company’s total registered capital may be sold. The Agency adds that the company is 100% state-owned.
The deadline for submitting final bids for the purchase of shares is October 24, 2008, and as a precondition for participation in the tender, prospective bidders will have to make a down payment or submit a guarantee of €2 million.
The minimum price for 51% of the company’s registered capital is €51 million.
Conditions for participation in the tender, which prospective bidders are to fulfil cumulatively, are the following: possession of an Air Operator’s Certificate (AOC) and a certificate stating that the operator has directly and/or indirectly transported at least 1,300,000 passengers in 2007.
Another condition is that the bidder’s total consolidated balance sum for the last revised financial year exceeds €200 million.
All other details of the invitation to tender and the company profile are available at the Privatisation Agency’s website, adds the statement.
The deadline for submitting final bids for the purchase of shares is October 24, 2008, and as a precondition for participation in the tender, prospective bidders will have to make a down payment or submit a guarantee of €2 million.
The minimum price for 51% of the company’s registered capital is €51 million.
Conditions for participation in the tender, which prospective bidders are to fulfil cumulatively, are the following: possession of an Air Operator’s Certificate (AOC) and a certificate stating that the operator has directly and/or indirectly transported at least 1,300,000 passengers in 2007.
Another condition is that the bidder’s total consolidated balance sum for the last revised financial year exceeds €200 million.
All other details of the invitation to tender and the company profile are available at the Privatisation Agency’s website, adds the statement.
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