International Wellness Group signs contract on acquisition of Igalo-based Simo Milosevic Institute

(Photo: vvoe/shutterstock.com)

Tender commission for privatization communicated that in line with contract provisions, deadline for fulfillment of previous terms and closing of transaction is six months as of the signing date

In August, the Government approved sale of 56,48% state-owned shares at the Institute to IWG consortium as the only bidder at the fourth tender which offered a bit more than EUR 10 m for majority stake.