Swiss interested in PKB – Fund Castor prepared to pay over EUR 154 million and invest EUR 600 million

The Swiss investment fund Castor is interested in privatization or strategic partnership with PKB, Blic learns.

The seriousness of their intentions is confirmed by the fact that they sent a letter of intention to Aleksandar Vucic, then still in the capacity of Prime Minister-designate, through which they informed him that they were prepared to honor all the models of ownership transformation defined by the state.

A Blic source from the government says that this is one of the most concrete offers related to PKB. He adds that their seriousness is showed by the fact they proposed, in the letter of intention, to present the strategy for the company’s development to the workers and the state in the next five years.

If the state chooses to sell the property, the fund is prepared to set aside over EUR 154 million, the amount which the state required at the failed tender. They also intend to invest close to EUR 600 million.

The management of PKB didn’t wish to make official statements regarding the offer, as the process is the Government’s responsibility.

PKB Korporacija a.d. Beograd

Vlada Republike Srbije

PKB

investment fund Castor

Aleksandar Vucic

privatization of PKB

Government of Serbia