The Zrenjanin water plant has been sold for 417 million dinars, confirmed bailiff Dragan Nikolić for the Voice website.
Belgrade-based company Pannonian Water is the new owner.
“The plant was sold on the basis of a declaration of guarantee. The executive creditor (Erste Bank) had the priority in settling the acounts,” Nikolić said.
Several workers have sued the Zrenjanin water plant, demanding disbursement of unpaid wages.
According to the available data on the Business Registers Agency’s website, Pannonian Water was founded on November 3, 2021, and has headquarters in Novi Beograd.
The company’s core activity is collecting, filtering and distributing water. In addition to Serbia, the company’s management also comes from Great Britain, India and Canada. Pannonian Water operates under Emserb Water FZE from the United Arab Emirates.
The company’s official e-mail address is linked to the website of the Metito Company, founded in 1958 in Beirut, Lebanon. As stated, they have so far implemented over 3,000 projects in the areas of desalination, wastewater treatment and recycling, high purity industrial water and wastewater, ultrafiltration and polishing in locations around the world. The webiste also says that Metito is “a global investor and operator in water, wastewater and alternative energy with a clear market-driven approach, a huge financial base and sound, experienced management that uniquely defines its offering in the sector.”
Two years ago, Metito opened the world’s largest agricultural wastewater treatment plant in Egypt called Al Mahsamma, with a capacity of 1 million cubic metres/day. The project stipulating construction a wastewater treatment plant in Zrenjanin was presented in July last year when Metito announced an investment of 30 million euros.
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