Delta Holding has announced that it did not take part in the repeated tender for the purchase of Sava Centar
, which expired on September 25, because it believes that the offered price and the mandatory investment are not cost-effective.
– The offered price of EUR 21.9 million and an investment of EUR 60 million, which our consultants consider necessary, make this investment not cost-effective in a reasonable term. Delta Holding confirmed earlier that it was interested in investing in Sava Centar
, but only under such conditions that enable the investment to be sustainable and acceptable for the banks which follow such investments, for the employees and for the community – the statement reads.
As they point out, the company is still ready to make an investment in Sava Centar that would turn it into a modern and functional congress center, “which would bring large business gatherings and cultural events, with more than 5,000 visitors, to Belgrade”.
– Such business operations of Sava Centar would benefit numerous companies and service providers in Belgrade and bring increased budget revenues to the city and the state through a growth of the VAT revenues – Delta says.
Let us remind that the city first started looking for a partner for Sava Centar in 2016, when a public invitation for the founding of a joint business entity opened. At the time, only Delta Holding responded, but no partnership agreement was reached.
A new public invitation opened in late 2017
, when the potential partner was expected to renovate the congress and general infrastructure of the center.
In mid-2018, the City of Belgrade and Delta initiated direct negotiations, which proved to be unsuccessful, after which it was announced that a concessionaire was to be sought for Sava Centar
At the previous tender, which opened in August, the initial price was EUR 27.4 million
, and there was the condition of a mandatory investment of at least EUR 50 million, but no bids were sent.