Government puts up 25-pct Galenika stake for sale

The Serbian Ministry of Economy announced on Monday an in invitation to bid to become a strategic partner in Galenika.

Izvor: Tanjug

Monday, 04.04.2016.

13:41

Government puts up 25-pct Galenika stake for sale
(Thinkstock)

Government puts up 25-pct Galenika stake for sale

One of the requirements that potential strategic partners need to meet is that the legal entity, its controlling owner, or members of the consortium jointly, posted an operating income of at least EUR 50 million or assets amounting to no less than EUR 100 million in the previous financial year.

Another is to provide at least five experts to manage Galaneka for the duration of the strategic partnership.

Offers to acquire a 25 percent stake in Galenika must not be lower than EUR 7 million.

Prospective partners need to submit their applications for participation in the tender and pay a deposit of EUR 100,000 no later than May 4.

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