Public call launched to find strategic partner for Zelezara Smederevo

On the basis of the Serbian government's Conclusion, the Ministry of Finance has launched a Public Call to find a strategic partner for Zelezara Smederevo steelwork. The deadline to submit final binding bids is May 4th.

The Public Call, to which Tanjug had access Thursday, includes detailed information about the Transaction Documentation, which will be available to all bidders for EUR 10,000, and the Instructions, where all options for getting familiar with the steel mill's operations and paying a visit to it are listed.

The documentation will be available to all participants after they sign a non-disclosure agreement (NDA) and pay the fee for the Transaction Documentation.

The deadline to apply for bidding is 4 PM on April 27th, whereas the deadline to submit final binding bids is 4 PM on May 4th.

A bid can be submitted by all interested participants engaged in the exploitation of metal ores and/or other ores and/or pig iron, coke, steel or ferroalloy production, who have purchased the Transaction Documentation and signed the NDA.

Bids can be submitted by juristic persons who reported a business revenue of minimum EUR 1 billion in 2011 or those persons whose business property was worth minimum EUR 1.5 billion on 31 December 2011.

All companies that have paid a deposit or provided a bid guarantee and submitted all the required documentation listed in the Transaction Documentation have the right to submit a bid.

If the interested bidder is a consortium, it is necessary that it cummulatively meets the requirement that all members of the consortium have concluded a written consortium agreement and had it verified by the court. Also, at least one member of the consortium must buy the Transaction Documentation.

All bids submitted in line with the Transaction Documentation must contain a business plan for Zelezara Smederevo and a mandatory investment program for the period of five years from the transaction conclusion date.

When submitting a bid, an interested company must first pay the deposit or submit a bid guarantee worth EUR 1 million, reads the Public Call.