NPO Uralvagonzavod OAO of Russia placed no binding offer for Zelezara Smederevo d.o.o., Serbia’s sole steel producer, by today’s deadline, Serbia’s Finance Ministry said in an e-mailed statement.
The Serbian government will discuss the sale of the unprofitable producer tomorrow and won’t extend the deadline for placing bids for a third time, according to the statement.
Uralvagonzavod was the only company to have expressed interest in the Smederevo-based plant, which U.S. Steel Corp. (X) sold back to Serbia for $1 in January 2012.
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Source Bloomberg
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