"Petar Drapšin" again on tender - deadline for submission of obligatory bids is July 21st

Privatization Agency has repeated the tender for sale of 65.52% of the assets of company "Petar Drapšin" from Mladenovac today (May 23, 2008).

Deadline for submission of obligatory bids is July 21st, and the condition for participation of buyers in the tender is that they have been dealing with production of parts and tools for motor vehicles and casting of light metals for at least three last business years and that they realized business income bigger than 5m EUR in 2007.

In case the buyer is a potential financial investor (investment funds, insurance companies), the condition is that it owns total business assets larger than 30m EUR, while individual investors must have business incomes realized in 2007 bigger than 10m EUR.

Tender documentation will be available starting from May 30 and, as a precondition for submission of obligatory bids, the deposit must be paid or the auction guarantee in amount of 100,000 EUR submitted.

One month ago, on April 15, negotiations with the only bidder on the tender for purchase of that company, company "Caparo Industries“ from Great Britain, were declared unsuccessful and the Agency decided to announce a new tender.

Company "Petar Drapšin" deals with mechanical industrial production and it encompasses nine dependent companies, among which are: "Fabrika cilindarskih sklopova", "Fabrika odlivaka", "Fabrika otkovaka", "Fabrika alata", "Fabrika za proizvodnju opreme, održavanje i energetiku" and "Fabrika motornih delova".