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Home/News/Serbia tries again to sell Novi Sad port operator

Serbia tries again to sell Novi Sad port operator

Serbia has launched a new tender for the sale of Luka Novi Sad, the company operating Serbia’s river port of Novi Sad, after the last attempt failed in November, the ministry of economy said.

The minimum price for the acquisition of 8,151,174 shares of Luka Novi Sad, representing 99.37763% of its share capital, is set at 7.99 million euro, the economy ministry said in a notice posted on the website of Serbia’s privatisation agency on Wednesday.

Interested bidders will be able to acquire tender documentation by January 11 and to submit their bids by January 18, the economy ministry said.

No bidders turned up at the tender for the sale of Luka Novi Sad in November, when the minimum price was set at 15.98 million euro.

In August, an economy ministry official said German logistics service company Rhenus, U.S.-based Valona Group and Dubai’s DP World have expressed interest in the privatisation of Luka Novi Sad.

The port of Novi Sad is located in Serbia’s northern autonomous province of Vojvodina, on the left bank of the Danube River. The port operates 10 indoor warehouses with a total area of 45,968 square metres.
Source: SeeNews