Government adopts draft on HBIS steel deal
The Serbian government has adopted a draft framework agreement on investment between China's He Steel Group Co Ltd and the Republic of Serbia.
Friday, 08.04.2016.
15:31
Government adopts draft on HBIS steel deal
He Steel representatives, the commission found the bid to be compliant with a public invitation to bid and that it meets all required conditions, the government's press office said on Friday.He Steel submitted a binding bid to buy all 98 asset units of the steel mill for a total of USD 46 million, Tanjug reported, adding that it was above the minimum price stated in the public invitation to bid.
At the commission's proposal, the Ministry of Economy has made a decision declaring the company as the buyer.
Also on Friday in Belgrade, an expert of the World Bank said that the Zelezara privatization represented "positive news."
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