Unsuccessful tender for "Elektroizgradnja" from Bajina Bašta

The Privatization Agency announced that the tender for sale of company "Elektroizgradnja" from Bajina Bašta had been unsuccessful because there had been no interested buyers.

The deadline for submission of requests for purchase of tender dossier expired on April 20, 2009.

The tender for sale of 70% of capital of company "Elektroizgradnja" from Bajina Bašta was announced on January 30th.

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

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

That company was sold at the auction in 2007 for 910m RSD, and the buyer gave up signing of the sales contract. At the repeated auction, "Elektroizgradnja" was sold at the price of 880m RSD, but the contract was cancelled because the new owner did not fulfill the obligations from the contract.