Second unsuccessful tender for "Elektroizgradnja" from Bajina Bašta

The Privatization Agency announced today (July 23, 2009) that the second tender for sale of company "Elektroizgradnja" from Bajina Bašta had been unsuccessful because there had not been any interested buyers.

The deadline for submission of requests for purchase of tender dossier expired on July 15, 2009.

The Privatization Agency announced the first tender for sale of 70% of capital of company "Elektroizgradnja", which is owned by the Share Fund, on January 30, 2009.

On that occasion, the package of stocks was offered for sale at the price of 3.5m EUR, that is, 12.1 EUR per stocks, but there were no interested buyers.

"Elektroizgradnja", which deals with production of concrete poles and substations, as well as accompanying equipment for construction and maintenance of power supply facilities, had been a part of the Electric Power Company of Serbia until year 2004 when the Government of Serbia became its founder.

That company was sold at auction in 2007 for 910m RSD, and the buyer gave up signing 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 failed to fulfill obligations from the contract.

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