the Privatization Agency announces:
For participation in the public auction
- 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.