Bids for Institute "Dr Simo Milošević" opened - Zepter offers 20m EUR and investments worth 150.47m EUR

Austrian business group "Christof" offers 25m EUR for 56.48% of stocks of Igalo-based Institute "Dr Simo Milošević".

That is 5m EUR more than "Home Art& Sales Services", the Swiss company owned by Serbian businessman Filip Zepter, offers.

However, the Austrians offer 9m EUR worth of investments within next five years, while Zepter claims that his company will invest 150.47m EUR in the Igalo Institute within next three years.