"Pivovarna Laško" and Swedish-Lithuanian consortium submitted bids for purchase of "BIP"

Two bids that arrived on the tender for sale of more than 4.7m stocks or 51.9% of total assets of Stock Company “BIP”, Belgrade, were opened in the premises of the Privatization Agency yesterday (May 14, 2007).

Two offers have arrived on the tender – the bid of company "Pivovarna Laško" from Slovenia and the bid of the consortium made of "United Nordic Beverages" from Sweden and "Alita" from Lithuania.

Company "Pivovarna Laško" offered the price of 2.50 EUR or about 11.8m EUR for 51.9% of assets of Stock Company "BIP", the investment program of 9m EUR for three years and accepted minimal obligations from the social program.
The consortium offered the price of 4.5 EUR or total of 21,400,000 EUR for 51.9% of assets of Stock Company "BIP" Belgrade, the investment program of 5.1m EUR for three years and accepted minimal obligation from the social program.

The official results of the tender will be announced after the second meeting of the Tender commission, which will be held after the ending of the procedure for evaluation of bids, in accordance with the tender rules, and determination of the final rank-list of bidders.