Only Worldfin and Milan Beko gave offers for stocks of Port of Belgrade

Luxembourg-based company Worldfin and its member Milan Beko were the only bidders for procurement of Port of Belgrade, because the Securities Commission did not receive any other offer until Friday, September 23. Investment Fund Ashmore delivered the offer but without banking guarantee, so that it was not taken into consideration. Worldfin has the deadline until Friday, September 30, to purchase 100% of stocks at price of 800 CSD per stock, which means that the value of Port of Belgrade is €40m.

There is interesting text of the ad published in all Belgrade’s daily newspapers :

Stockholders of “Port of Belgrade” !

SELL

NOW

We are the only one who offer to pay 800 CSD for each of your stocks

The deadline for deposit of stocks expires on Friday, September 30, 2005 at 12h !

You can deposit your stocks at your authorized broker.

Worldfin