Public Invitation for participation in public auction process that will take place on 11.06.2009., in Belgrade

11. May 2009.

Preduzeće za ugostiteljstvo, turizam, trgovinu i spoljnu trgovinu (Joint-stock company for tourism, trade and foreign trade) LIPA А.D., NOVI PAZAR

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:

Public Announcement
For participation in the public auction




  1. Preduzeće za ugostiteljstvo, turizam, trgovinu i spoljnu trgovinu (Joint-stock company for tourism, trade and foreign trade) LIPA А.D., NOVI PAZAR

The right to participate in public auction have:
А) Domestic or foreign legal entity which cumulatively fulfills the following conditions:
It is registered for performing activities from the group 55- hotels and restaurants;
it achieved operating income in the last business year of at least EUR 2 million;
it possesses a hotel, which is categorized as a three-star hotel.

A legal entity shall be deemed to have fulfilled the requirements for participation in the public auction, if it owns more than 50% of capital of a legal entity which cumulatively fulfills the conditions required for participation in the public auction.
B) Domestic or foreign individual which owns more than 50% of capital of a legal entity which cumulatively fulfills the conditions required for legal entities to participate in the public auction.
C) Consortium – A consortium shall be deemed to fulfill the conditions required by the public invitation, if a member or members of the consortium which cumulatively fulfill the required conditions, participate in the consortium with at least 51% of the total stake in the consortium.
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Equity Fund

Location:

Нови Пазар

Core activity:

Hotels and similar accommodation

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Public invitation

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