"BNP Paribas" and "Rothschild" compete for position of adviser in privatization of "Galenika"

- French investment banks “BNP Paribas” and “Rothschild” are competing for the position of adviser in the privatization of Belgrade-based pharmaceutical company "Galenika" – the Privatization Agency announced.

French bank Societe Generale has also submitted a technically regular bid, but it has been refused because its financial segment does not meet the minimum tender terms.

"BNP Paribas" has asked the fixed price of 175,000 EUR for consulting services in the privatization of "Galenika", as well as a bonus for successfully done job in amount of 1.5% of the value of transaction.

"Rothschild" has suggested the fixed price of 25,000 EUR and a bonus for successfully done job in amount of 0.74% of the value of transaction.

The Tender Commission will evaluate and rank these two bids and invite the selected bidder to the talks preceding the signing of the contract.

All consulting companies and investment banks that have successfully carried out, at least, two privatizations in pharmaceutical industry in Europe, worth minimum 400m EUR, or two tender privatizations in Serbia over the last seven years, were able to participate in the tender for selection of the adviser in privatization of "Galenika", which was announced in November 2008.

In 2007 "Galenika" registered 6.68 billion RSD worth of incomes and the profit of 1.25 billion RSD, and it employs about 2,700 workers.

Galenika a.d. Beograd

Agencija za privatizaciju Republike Srbije Beograd prestala sa radom 29.01.2016.

BNP Paribas Beograd

Rothschild

Rothschild & Cie Gestion Francuska

OTP banka Srbija a.d. Novi Sad