the Privatization Agency announces:
For participation in the public auction
- Retail enterprise BRATSTVO with unlimited liability, 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 activity group 55 - motels and restaurants,
2. It achieved total annual operating revenues of minimum (based on the data from the financial statement for 2007) 2.000.000,00 EUR in the last business year,
3. It owns a hotel which is categorized as a four-star hotel, which shall be proved by the Ruling on Catering Trade Facility Categorization issued by the Ministry of Economy and Regional Development in accordance with the provisions of the Law on Tourism ("Official Gazette of the Republic of Serbia" no. 45/05), i.e. by the Ruling on Categorization issued by the competent body of the state in which a potential auction participant is registered.
The legal entity shall be deemed to fulfil the necessary requirements for participation in the 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. which owns more than 50% of the capital of the legal entity which cumulatively fulfils the requirements referring to legal entities for participation in the public auction.
C) Consortium - 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