Pursuant to Article 26 of the Law on Privatization (“Official Gazette of the RoS“ no. 83/2014 and 46/15) 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 61/15), 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
DRUŠTVO ZA PROIZVODNjU ULjA RAFINERIJA NAFTE AKCIONARSKO DRUŠTVO BEOGRAD (PALILULA)
ID no.: 20047844
Procedure code: JP 163/15
The Agency hereby invites all persons interested to participate in the privatization procedure of the company DRUŠTVO ZA PROIZVODNjU ULjA RAFINERIJA NAFTE AKCIONARSKO DRUŠTVO BEOGRAD (PALILULA), ID no.: 20047844 (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, if they meet the following requirements:
- It or its founder has achieved operating revenues of at least EUR 3,000,000.00 (in words: three million euro) in the last business year, alone or on a consolidated basis.
If an interested bidder is a consortium, it is necessary to determine the Consortium member by Consortium Agreement which has at least 51% share in the consortium (hereinafter: the Consortium Leader). The Consortium Leader must fulfill the abovementioned requirement.
2. Information about the Privatization Entity
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Business name: |
Društvo za proizvodnju ulja Rafinerija nafte akcionarsko društvo Beograd (Palilula) |
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Registered seat: |
Pančevački Put 83, Beograd-Palilula |
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ID no.: |
20047844 |
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Core Activity: |
Production of oil derivatives |
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Structure of capital (CSD and Clearing House): |
Privatization Agency 100% |
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Original capital (BRA): |
Registered cash capital RSD 753,213,489.3 Subscribed non-cash capital RSD 881,727,510.7 Paid-in cash capital RSD 753,213,489.3 as at 14 February 2008 Non-cash capital contribution RSD 881,727,510.7 as at 14 February 2008 |
3. Description and value of the subject of sale
Subject of sale is the Block of shares composed of 1,634,941 shares CFI code ESVUFR, ISIN no.: RSRFNBE84579, in the ownership of Privatization Agency, which represents 100% of the total Privatization Entity’s capital.
According to the certified appraiser’s report the total estimated value of capital as at 31 December 2014, which is offered for sale, is EUR: 2,413,790.00.
RS Government rendered the Conclusion 05 no.: 023-9329/2015 dated 4 September 2015 by which the state creditors are obliged write-off the Privatization Entity’s debt as at 31 December of the last business year, if the Privatization Entity’s capital is sold within privatization procedure.
4. Starting price of the subject of sale
Starting price amounts 1/3 of the estimated value of capital of Privatization Entity offered for sale, as at 31 December 2014, or EUR 804,596.67.
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