Jugoslovensko recno brodarstvo up for sale again – Price twice as low

The Ministry of Economy has once again opened the public call for taking part in the procedure of collecting bids through the method of public bidding for the purpose of the sale of the capital of Jugoslovensko recno brodarstvo AD Beograd (JRB). The sale procedure refers to the package of 1,804,179 shares, which is 99.98% of the total capital of this company.

The initial price for the sale of the capital is EUR 10,912,155.54, which is 50% of the estimated value of the capital of Jugoslovensko recno brodarstvo as of December 31, 2023. Let us remind that, at the previous public bidding, the initial price was 100% of the estimated value of the capital, that is, EUR 21,824,311.07. This sale was pronounced unsuccessful as there were no interested purchasers.

The deadline for the submission of applications for taking part in the procedure expires on October 2, and the beginning of the opening of the applications is scheduled for October 4. More details (in Serbian) can be found HERE.

Let us remind that, in July, the competent ministry initiated the privatization of Jugoslovensko recno brodarstvo at a price of EUR 29.2 million and that the public call was canceled only two days later.

I. Z.

Ministarstvo privrede Republike Srbije

JRB AD Beograd

Ministry of Economy

Jugoslovensko rečno brodarstvo

sale of Jugoslovensko rečno brodarstvo