Prepack plan for RTB Bor totalling EUR 1,2 billion confirmed - Chinese negotiate investment, tender for professional management underway as well

Commercial Appellate Court confirmed the prepack plan for RTB Bor, which will take effect in the coming days, said the State Secretary in the Ministry of economy Dragan Stevanovic.- Prepack plan was confirmed at appellation and it will in the next few days become effective. From that moment on, RTB Bor will have to service and meet its obligations as the plan implies, and if that does not work bankruptcy is the outcome- said Stevanovic.He added that the country should, in accordance with the plan, release tender for professional management.The Commercial Court in Zajecar in July adopted a prepack plan for four companies within RTB Bor, and debt restructuring program of EUR 1.2 billion is included in the parent company, Rudnik bakra Bor, Rudnik bakra Majdanpek and Topionice i rafinacije.This is so far the largest financial restructuring of the debt of a company in Serbia.

Serbia Zijin Copper doo Bor

Rudnik bakra Majdanpek

Ministarstvo privrede Republike Srbije

Privredni apelacioni sud

Železara Smederevo d.o.o.

Privredni sud u Zaječaru

Rudnik bakra Bor

Rudnik bakra Majdanpek

Topionice i rafinacije

Unapred pripremljeni plan reorganizacije

Dragan Stevanović

UPPR

stečaj RTB Bor