Tender announced for sale of "Elektroizgradnja"

The Privatization Agency announced the tender today (January 30, 2009) for sale of 70% of capital of Bajina Bašta-based company "Elektroizgradnja", which is owned by the Share Fund.

The package of stocks is offered for sale at the price of 3.5m EUR, that is, 12.1 EUR per stock.

All interested buyers are obliged to offer to buy remaining 30% of stocks of Elektroizgradnja, which are owned by individual stockholders, at the same price per stock.

Following the signing of the contract with the selected bidder, the Share Fund will invite all individual stockholders to add their stocks to the package of stocks from the portfolio of the Share Fund.

All companies that have been dealing with production of concrete poles, substations and accompanying elements for construction and maintenance of power supply facilities and power and telecommunication networks over the last three years and registered income of minimum 15m EUR in 2007 can bid on the tender.

Also, all investors whose income in 2007 was larger than 25m EUR can participate in the tender.

The deadline for submission of requets for purchase of tender documentation is March 20th. The deadline for submission of obligatory bids, along with the banking guarantee worth 300,000 EUR, is April 16.

"Elektroizgradnja" used to be a part of "Electric Power Company of Serbia" prior to 2004, and then the Government of Serbia became its founder.

That company was sold on the auction in 2007 for 910m RSD, and the buyer gave up signing of the sales contract. On the repeated auction, "Elektroizgrdnja" was sold for 880m RSD, but the contract was cancelled because the new owner failed to meet the obligations.

"Elektroizgradnja", which has 273 workers, deals with planning, production and installation of concrete poles, substations and accompanying concrete elements.

Elektroizgradnja Bajina Bašta a.d. Bajina Bašta

Agencija za privatizaciju Republike Srbije Beograd prestala sa radom 29.01.2016.

Akcijski fond Republike Srbije

Elektroprivreda Srbije ad Beograd

Vlada Republike Srbije