Public Invitation for participation in public auction process that will take place on 11.09.2009., in Belgrade

06. July 2009.

Hotel - enterprise EVROPA, SURDULICA

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. Hotel - enterprise EVROPA, SURDULICA


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 of activities 55 – hotels and restaurants;
It achieved business income during the last business year of at least EUR 2 million;
It owns a hotel, which is categorized as a four-star hotel.

A legal entity shall be deemed to have fulfilled the conditions required for participation in public auction, if it is the owner of more than 50% of capital of a legal entity which cumulatively fulfills the conditions required for participation in public auction.
B) Domestic or foreign individual who is the owner of more than 50% of capital of a legal entity which cumulatively fulfills the conditions required for legal entities for participation in public auction.

C) Consortium – A consortium shall be deemed to fulfill the conditions from this public invitation, if a member or members of the consortium which cumulatively fulfill the required conditions, participate in the consortium with at least 51%.

DEADLINE FOR SUBMISSION OF APPLICATIONS IS 03.09.2009, BY 16:30.
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Equity Fund

Hotel and accommodation company Evropa

Location:

Сурдулица

Core activity:

Hotels and similar accommodation

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