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08 Dec
00:00

Serbia launches Zelezara Smederevo privatisation via capital increase

Serbia's government has kicked off the privatisation tender for the country’s largest steelmaker Zelezara Smederevo, and is awaiting bids from strategic investors. The deadline to submit offers is 5 January 2015. The state is seeking to sell 80.01% of its stake in the producer, while it will retain the balance of ownership. This will be done via a capital increase in which all state-owned creditors of Smederevo will discard claims recorded by 31 De…
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