Matijevic and Kostic in the race for PKB

Serbian businessmen Miodrag Kostic and Petar Matijevic will bid for a share in PKB despite earlier reports, along with several foreign companies from China, Singapore and Great Britain – the Blic daily finds out.

Although, there have speculations that Matijevic and Kostic will form a consortium in order to participate in privatization of PKB, according to the sources from the Serbian government, the two businessmen did send separate letters of interest to the line ministry. Only a month ago, Matijevic was quoted as saying that Kostic and himself did not stand a chance in bidding against Arabic and Chinese companies, namely Al Dahra and Hen Chang.

The source of the Blic daily from the Serbian government did not want to divulge the names of the companies that had sent letters of interest, but it did confirm that Al Dahra, from the United Arab Emirates, was not one of them. Still, this does not mean that Al Dahra is not going to compete since letters of interest can be sent via regular mail too.

The Ministry of Economy will choose the privatization model for PKB once they receive all the required information from prospective bidders, and after assessing the value of PKB’s assets.

Prospective bidders can also apply for the privatization of PKB even after a tender for the sale of a company share, or appointment of a strategic partner has been launched which means that Al Dahra still has time to participate in the entire process.

What has been disclosed so far is that the interest shown by domestic and foreign investors for the privatization of PKB is huge. The Ministry will reveal the exact number of bidders by the end of this week.

(Blic, 21.02.2017)

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