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Contract for sale of Nis Express signed
Belgrade,
18 November 2008
Representatives of the Serbian Privatisation Agency and authorised representatives of the consortium Nis Express yesterday signed a contract for the sale of 70% of its socially-owned capital, or 57.45% of the total registered capital of Nis Express transporting company.
The basic elements of the sales contract are the purchase price of €3.270 million and an investment programme of €4.6 million. The buyer has also unconditionally accepted the minimum obligations from the welfare programme.
At the public tender, announced on January 25, 2006 only one bid was submitted, from the consortium comprising Nis Express employees and Belgrade-based Delta Real Estate.
At its third session the tender commission agreed that the sales contract be closed with the sole bidder.
At the public tender, announced on January 25, 2006 only one bid was submitted, from the consortium comprising Nis Express employees and Belgrade-based Delta Real Estate.
At its third session the tender commission agreed that the sales contract be closed with the sole bidder.
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