Serbian Finance Minister Sinisa Mali has said that four non-binding bids for the privatization of Komercijalna Banka have submitted and would be opened on Tuesday, September 10th.
The deadline for the submission of non-binding bids expired on September 6th, and Mali says that they had counted on there being four bids anyway.
“If all the non-binding bids meet the requirements, we will move onto a next phase, in which the bidders will analyze the bank’s operations,” the minister told the press.
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“In any case, the fact that there are four interested bidders says enough about how attractive Komercijalna Banka is,” Mali said and added that he expected the privatization process to be completed by the year-end.
When asked about the agreement between the Republic of Serbia, the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), on the sale of 34.58% of the shares of Komercijalna Banka owned by the EBRD and IFC to the Republic of Serbia, the Minister said that it was not a government decision but a request from international institutions that wanted to leave the ownership of the bank itself.
“The state will not remain an owner of Komercijalna Banka. We will have a private bank, and we will withdraw from the ownership. Obviously, the international institutions are leaving as well,” Mali added.
This post is also available in: Italiano