Source: Tanjug | Thursday, 22.12.2016.| 13:23
Highlight an article Print out the news

Deadline for privatization of Galenika extended – Additional three months for negotiations with Frontier and Petrovax

(Photo: shutterstock.com )
The deadline for negotiations about Galenika's strategic partner has been extended by three months, stated Minister of Economy Goran Knezevic on Thursday, December 22. He pointed out that he was optimistic that the privatization would be completed within the deadline.

– The negotiations are going well. Certain technical problems are yet to be solved, above all with commercial banks which are creditors for a part of the claims – Knezevic said to the press.

The sale of 25% stock of Galenika is being negotiated with the British-Russian consortium Frontier Pharma Limited and LLC NPA Petrovax Pharm, the only bidder to have met all the conditions.

The consortium offered the requested minimum price of EUR 7 million and is prepared to keep 700 of the 1,400 Galenika workers.

The negotiations about the strategic partnership for Galenika started on October 24 and were supposed to be completed within 90 days.
Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE