Cuprom deadline extended
The Privatization Agency has extended the deadline for Cuprom to submit financial guarantees for the purchase of RTB Bor for three days.
Friday, 20.04.2007.
11:55
Cuprom deadline extended
The Agency will then decide whether to start negotiations with the second-placed bidder East Point, or to call a new tender. The Agency said in case the contract with the Romanian company were to be terminated, the state would exercise its right and keep the US$ 3mn Cuprom paid in order to participate in the tender.The chance of new players entering the bid in case a new tender is organized looks unlikely, since potential buyers would receive a negative message, in light of the privatization delays, economic advisor and Deloitte and Touche auditor’s representative Vlada Poznanić said.
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