Bidding for Serbian petrochemical companies to start

Chinese, Japanese, Czech, Dutch, Cypriot and Serbian companies are interested in acquiring companies that operate in the Serbian petrochemical complex.

Chinese Dong Shiwu Holdings Ltd and Japanese Mitsubishi Corporation Tokyo are interested in acquiring MSK Kikinda, while the Dutch company KazMunayGas International and the Czech J&T IB and Capital Markets have their eyes on Petrohemija from Pancevo. Serbian company, Promist d.o.o., based in Novi Sad and Cypriot company, PFIC Ltd have both sent letters of interest for Azotara (nitrogen plant) from Pancevo.

The deadline for submission of letters of interest expired on 3rd May. As the Blic daily finds out, there are more companies interested in acquiring Serbian petro-chemical enterprises since the Serbian government expects more letters of interest to arrive by post.

“We should mention that letters of interest are not binding. These are potential buyers which are under no obligation to participate in privatization of these companies. We had verbal confirmations from several global petro-chemical companies about their interest in purchasing one of the three companies too”, a Blic’s source reveals.

To remind, on 30th March, the Ministry of Economy launched a public call, in line with the Privatization Law, for submission of letters of interest for Serbian petro-chemical companies, namely MSK Kikinda, HIP Azotara and HIP Petrohemija from Pancevo. The deadlines expired on 3rd May.

(Blic, 05.05.2017)

This post is also available in: Italiano

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