Pursuant to Articles 26 and Article 29 paragraph 2 of the Law on Privatization (“Official Gazette of the RoS“ no. 83/2014 and 46/2015) and Article 5 of the Decree on conditions, procedure and manner of sale of capital and assets by method of public collection of bids with subsequent public bidding (“Official Gazette of RoS“ no. 122/2014 and 61/2015), Privatization Agency (hereinafter: the Agency) hereby announces:
PUBLIC INVITATION
FOR PARTICIPATION IN THE PROCEDURE OF PUBLIC COLLECTION OF BIDS
WITH SUBSEQUENT PUBLIC BIDDING
FOR THE SALE OF CAPITAL OF PRIVATIZATION ENTITY
AKCIONARSKO DRUŠTVO “AGROBAČKA“, BAČ
ID no.: 08155968
Procedure code: JP 143/15
The Agency hereby invites all interested persons to participate in the privatization procedure of privatization entity Akcionarsko društvo “Agrobačka“, Bač, ID no.: 08155968 (hereinafter: Privatization Entity) via model: SALE OF CAPITAL of Privatization Entity, by method of public collection of bids with subsequent public bidding (hereinafter: Procedure), to submit their applications for the selection of the most favorable bidder (hereinafter: Application.
1. Qualification requirements for participation in the Procedure
Domestic and foreign, physical and legal entities, as well as consortium of legal and/or physical entities shall have the right to participate in the Procedure.
2. Information about the Privatization Entity
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Business name: |
Akcionarsko društvo „Agrobačka“, Bač |
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Registered seat: |
No 3 Backa Street, Bac |
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ID no.: |
08155968 |
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Core activity: |
Growing of other perennial crops |
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Structure of capital (CSD and Clearing House): |
Privatization Agency 72.52258% (244,375 shares) Shareholders Fund АD Belgrade 1.95481% (6,587 shares) Other shareholders 25.52261% (86,002 shares) TOTAL 100% (336,964 shares) |
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Share capital (BRA): |
Subscribed cash capital: EUR 3,609,695.91 Subscribed non-cash capital: EUR 356,016.08 Paid-in cash capital: EUR 3,609,695.91 as at 31 December 2005 Non-cash capital contribution: EUR 356,016.08 as at 23 June 2008 |
3. Description and value of the subject of sale
Subject of sale is the Block of shares composed of 250,962 shares CFI code ESVUFR, ISIN no.: RSABACE25788 representing 74.47739% of the Privatization Entity’s total capital, which encloses:
- 244,375 shares CFI code ESVUFR, ISIN no.: RSABACE25788, owned by privatization Agency, representing 72.52258% of the Privatization Entity’s total capital and
- 6,587 shares owned by the Shareholders Fund а.d. Belgrade, CFI code ESVUFR; ISIN no.: RSABACE25788, representing 1.95481% % of the Privatization Entity’s total capital.
According to the certified appraiser’s report, the total estimated value of capital offered for sale is: EUR 1,403,847.11.
RS Government rendered the Conclusion 05 no.: 023-4104/2015 dated 16 April 2015 and the Conclusion 05 no: 023-8390/2015 dated 6 August 2015, by which the state creditors are obliged to write off the Company’s debt as at 31 December of the last business year, if the Company’s capital is sold within the privatization procedure.
5. Starting price of the subject of sale
Starting price of the Block of Shares amounts to 50% of the Company’s estimated value of capital being the subject of sale, or EUR 701,923.55.
Deposit by the buyer shall be included in the sales price.
Currency of payment shall be Euro (EUR) or dinar (RSD - equivalent calculated at the average exchange rate for the euro by National Bank of Serbia on the payment date).
Declared buyer shall pay the sales price in whole.
Public Invitation