Source: Beta | Friday, 03.04.2015.| 10:01
Highlight an article Print out the news

Deadline for delivering offers for C market extended until April 15

(Photo: Ivana Vuksa)

The Agency for privatization extended deadline for delivery of applications for participation in purchase of 16,3% shares of trading company "C market" from Belgrade.

New deadline for applications is April 15 and the opening of offers is due April 30.

The initial price is EUR 9,3 m which is estimated value of capital offered for sale at the end of 2013.

Delhaize is majority owner of C market and 23,2% is social capital. The Agency for privatization is selling 70 % of social capital which is 16,3% shares and the remaining portion of it will be distributed to current and former staff of C market.

The company employs 3.244 people and in 2013, profit of C market was EUR 223,1 m and expenditures totaled EUR 211,7 mi.

So far, the Agency for privatization has been announcing sale of the remaining portion of social capital at C market for a few times but the procedure was halted since there were legal obstacles. The only interested buyer was Delhaize

At the last offer, the initial price was EUR 9,58 m.

Only logged-in users can comment.