Controversial likely winner in RTB tender

The owner of an Austrian consortium that placed the highest bid for RTB Bor is under investigation in that country.

Izvor: B92

Saturday, 24.11.2007.

15:03

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The owner of an Austrian consortium that placed the highest bid for RTB Bor is under investigation in that country. Mirko Kovac, owner of Brixlegg, is involved in various businesses which include trade, production and even co-ownership of Austrian nightclubs, while his A-TEC consortium is already established in Serbia via Subotica's Sever company. Controversial likely winner in RTB tender But reports Friday said that the Austrian authorities are investigating Kovac on suspicion that he incurred damages to many people through a forced bankruptcy. He was already handed a six month suspended sentence in 2000, after a chain of nightclubs underwent a similar bankruptcy procedure. As the latest instance counts for repeat offense, the sentence could now include jail time if Kovac is found guilty on an indictment issued in July. The court proceedings started in September. As for A-TEC, its overall income in 2006 exceeded EUR 506.1mn. The consortium has offered EUR 466mn to buy the eastern Serbia-based copper mining and smelting complex RTB Bor, while Russian SMR, owned by oligarch Oleg Deripaska, offered EUR 370mn, officials in Belgrade announced Friday.

Controversial likely winner in RTB tender

But reports Friday said that the Austrian authorities are investigating Kovac on suspicion that he incurred damages to many people through a forced bankruptcy.

He was already handed a six month suspended sentence in 2000, after a chain of nightclubs underwent a similar bankruptcy procedure.

As the latest instance counts for repeat offense, the sentence could now include jail time if Kovac is found guilty on an indictment issued in July.

The court proceedings started in September.

As for A-TEC, its overall income in 2006 exceeded EUR 506.1mn.

The consortium has offered EUR 466mn to buy the eastern Serbia-based copper mining and smelting complex RTB Bor, while Russian SMR, owned by oligarch Oleg Deripaska, offered EUR 370mn, officials in Belgrade announced Friday.

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