No bids for MSK Kikinda

A tender for the privatization of Serbian state-run chemicals group MSK Kikinda has failed to attract any offers, the Serbian public broadcaster RTS has said.

Only one company – Cyprus-based Kronospan Chemical Holdings – had bought the tender documents but did not bid in the tender. Two other companies did express interest in the privatization of MSK Kikinda before the launch of the tender.

The Serbian Ministry of Economy has classified potential buyers in two groups – companies that would look for cheaper natural gas supply for MSK and continue the existing production programme, and companies that would invest in the production of methanol derivatives that are profitable in the global markets under the existing costs of gas supply – Zoran Popovic, a representative of the Serbian Institute of Chemistry, Technology and Metallurgy, has said.

MSK exports 95% of its methanol output, while 98% of its acetic acid production ends up in the EU.  In December 2017, RTS reported that the starting price in the bid for the company was 38.5 million EIR ($ 47.3 million) and the deadline for submission of bids being 9th February, 2018.

In September 2017, the International Monetary Fund (IMF) urged state-owned gas monopoly Srbijagas to dispose of its non-core assets by selling its stakes in MSK Kikinda, HIP Azotara Pancevo and ceramics producer Toza Markovic.

(Politika, SeeNews, 12.02.2018)

This post is also available in: Italiano

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