State Selling Hotel Slavija in Belgrade, Initial Price EUR 24.9 Million

The Ministry of Economy has opened the invitation for the sale of the 100% state share in Hotel Slavija in Belgrade, through the method of public bidding, at an initial price, which is equal to the estimated capital value of EUR 24.9 million. Those interested may file submissions for taking part in the procedure until November 24, and the opening of the bids is scheduled for November 28.

The sales documentation will be available from October 4, and the buyout fee is RSD 150,000.

The selected buyer will have to pay the full price in a single payment.

Eligible bidders are local or foreign legal or natural persons.

As specified, the qualification requirements for taking part in the public bidding for a business entity is that it realized an operating income of at least EUR 50 million in 2022 on its own and that it realized an operating and net profit in 2022 on its own.

If it wants to take part in the bidding, an investment fund has to have had total assets of at least EUR 250 million in 2022, whereas a natural person has to have monetary funds of at least EUR 25 million.

Consortiums of legal and/or natural persons are also eligible bidders.