Three binding bids were made for the sale of shares of Komercijalna banka a.d. Beograd directly owned by the Republic of Serbia, within the deadline defined by the tendering procedure, the Ministry of Finance of Serbia announced.
According to Blic, the bids were made by Raiffeisin Bank, AIK Bank and NLB Bank. As said, the American fund Ripplewood Advisors, which had been in the running, did not make a binding bid.
At the session held on December 16, the tendering commission of the Ministry of Finance carried out the opening of the sent bids in the presence of the bidders which made binding bids within the second phase of the tendering procedure.
The objective of the session and the opening of the binding bids is to determine that the bids were sent on time and that they are complete, containing all the elements required in this phase of the tendering procedure.
In order for the process to be transparent, the authorized representatives of all the bidders had been invited to attend the opening.
– The tendering commission has determined that three bids had been made within the deadline defined by the tender. The bids were opened and determined to be complete, containing all the elements required by the tendering documentation for the second, binding phase of the tendering procedure – says the press release by the ministry.
In the upcoming days, the ministry, with the assistance of a financial adviser, will analyze and rate the bids in order to rank them.
The qualified bidders will be informed of the ranking, and the best bidder will also be invited for negotiations.
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