"RTB Bor will go for USD 800mn"
One of the companies that pulled out of the race to buy RTB Bor says its price will reach USD 800mn.
Saturday, 03.11.2007.
15:41
One of the companies that pulled out of the race to buy RTB Bor says its price will reach USD 800mn. East Point, owned by Zoran Drakulic, which finished second in the first tender to sell the eastern Serbian copper mining and smelting complex, believes that the overall price in the second tender will more than double the minimal USD 340mn set by the Privatization Agency. "RTB Bor will go for USD 800mn" "New tender conditions for the acquisition of RTS limit the state's responsibility for environmental damage to USD 50mn, which means that the selling price for the complex will be at least USD 800mn," a statement from the company carried by Beta news agency reads. East Point therefore believes that this makes the investment into the Bor company "irrational for any objective investor." Officials announced earlier that two companies submitted bids to buy the copper giant, but said the details could not be discussed until next week, since the technical part of the offers will not be opened until next Tuesday.
"RTB Bor will go for USD 800mn"
"New tender conditions for the acquisition of RTS limit the state's responsibility for environmental damage to USD 50mn, which means that the selling price for the complex will be at least USD 800mn," a statement from the company carried by Beta news agency reads.East Point therefore believes that this makes the investment into the Bor company "irrational for any objective investor."
Officials announced earlier that two companies submitted bids to buy the copper giant, but said the details could not be discussed until next week, since the technical part of the offers will not be opened until next Tuesday.
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