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A:
Purchase agreement for Subotica’s Sever signed
Belgrade,
4 January 2005
The Serbian Privatisation Agency has said that representatives of the agency and Austrian company ATB Antriebstechnik AG signed an agreement on the sale of 70% of socially-owned capital of Subotica-based Sever Holding Internacional on December 31, 2004.
The purchase price was €4.1 million, with a five-year investment plan worth €16.1 million and the acceptance of all the requirements from a social programme as well as additional obligations from the social programme, reads the statement.
The agency invited bids for the Subotica-based company on December 31, 2003, and the Austrian form was the sole bidder. Negotiations were successfully completed on December 29, 2004, according to the statement.
The agency invited bids for the Subotica-based company on December 31, 2003, and the Austrian form was the sole bidder. Negotiations were successfully completed on December 29, 2004, according to the statement.
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