Public Invitation for participation in public auction process that will take place on 27.03.2009., in Belgrade

In accordance with Article 38 of the Law on Privatization ("Official Gazette of RS", no-s. 38/01, 18/03 and 45/05), and Article 5 of the Decree оn Sale of capital and property by public auction ("Official Gazette of RS" no. 52/05),
the Privatization Agency announces:

1. Socially-owned enterprise for production and processing of tobacco PREŠEVO, PREŠEVO
   

The following entities have the right to participate in the Public Auction:

A) Domestic or foreign legal entity which cumulatively fulfils the following requirements:

1. It is registered for performing business related to production, processing and distribution of tobacco and tobacco products,
2. It achieved total operating revenues of minimum EUR 2.000.000,00 (on the basis of the data from the financial statement for 2007) in the last business year.

The legal entity shall be deemed to fulfil the necessary requirements for participation in the public auction, if it owns more than 50% of the capital of the legal entity which cumulatively fulfils the requirements for participation in the public auction

B) Domestic or foreign individual

1. Who owns more than 50% of the capital of the legal entity which cumulatively fulfils the requirements for participation in the public auction.

C) Consortium

1. The consortium shall be deemed to fulfil the necessary requirements from this Public invitation if the consortium members meeting the requirements have at least 51% of the entire stake in the consortium.


DEADLINE FOR SUBMISSION OF APPLICATIONS IS 19.03.2009 AT 16:30.

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