Deadline for Galenika bids extended

Serbia's Ministry of Economy extended the deadline for receiving letters of intent to buy a 25 percent stake in state-run drugmaker Galenika.

Source: Tanjug
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Tanjug said it learned this from the Serbian government on Wednesday.

The previous deadline for interested buyers to come forward expired today and is now extended until May 27.

Interested bidders should purchase privatization documents no later than May 10.

According to an earlier release from the Economy Ministry, after buying the stake in the pharmaceutical company, the strategic partner is obliged to secure a team of managers to be entrusted with the management of Galenika during the strategic partnership.

The privatization documents have been purchased by three potential investors so far.

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