Conditions have been met for the Chinese company, Jinlong to become the majority owner of Ikarbus – the State Secretary at the Ministry of Economy, Dragan Stevanovic, said today and added that the Chinese partner had settled all its financial obligations relating to the acquisition and bought out Ikarbus’ receivables two days before.
Stevanovic said on TV Prva that the Chinese company had qualified and met the requirements for becoming the majority owner of Ikarbus.
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Director General of Ikarbus, Aleksandar Vicentic, previously said that the new majority owner planned to expand the production to include electric vehicles.
He said that around 140 workers had opted for the social programme, carried out in late 2018 and that they had been paid EUR 200 per year of employment at Ikarbus. Vicentic added that 120 workers remained in the company.
“Mostly older employees opted to leave the company with severance pay. All our engineers stayed which is the most important thing for us and the company that will take over Ikarbus,” Vicentic said.
Ikarbus was founded in 1923, as the first aircraft factory in the Balkans. It later changed its core activity. The company produced its first bus in 1954, under a license from the Austrian company Saurer.
So far, over 20,000 buses have been produced at the factory, with a number of them exported.
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