Public invitation for public collection of bids with subsequent public bidding for the sale of capital of Privatization Entity JSC ELEKTROPORCELAN ARANĐELOVAC

26. May 2015.

Procedure code: JP 20/15

Pursuant to Article 26 of the Law on Privatization (“Official Gazette of the RoS“ no. 83/2014) and Article 5 of the Decree on conditions, procedure and manner of sale of capital and assets by method of public collection of bids with subsequent public bidding (“Official Gazette of RoS“ no. 122/2014), Privatization Agency (hereinafter: the Agency) hereby announces:


PUBLIC INVITATION

FOR PARTICIPATION IN THE PROCEDURE OF PUBLIC COLLECTION OF BIDS

WITH SUBSEQUENT PUBLIC BIDDING

FOR THE SALE OF CAPITAL OF PRIVATIZATION ENTITY

 JSC ELEKTROPORCELAN ARANĐELOVAC

ID: 07114141

 

Procedure code: JP 20/15

 

The Agency hereby invites all domestic or foreign legal entities and/or individuals, as well as Consortium of legal entities and/or individuals interested to participate in the privatization procedure of privatization entity JSC ELEKTROPORCELAN ARANĐELOVAC, ID: 07114141 (hereinafter: Privatization Entity) via model: sale of capital of Privatization Entity, by method of public collection of bids with subsequent public bidding (hereinafter: Procedure), to submit their applications for the selection of the most favorable bidder (hereinafter: Application).


1.      Qualification requirements for participation in the Procedure


Domestic and foreign, physical and legal entities, as well as consortium of legal and/or physical entities shall have the right to participate in the Procedure.


2.      Information about the Privatization Entity


Business name:

JSC ELEKTROPORCELAN ARANĐELOVAC

ID number:

07114141

Capital structure (CSD and Clearing House):

Total registered capital of the Privatization Entity is shareholders capital issued in one emission of shares CFI code ESVUFR, ISIN No RSELEKE38514, with total of 133,098 shares, of which 132,085 shares or 99.23891% capital is owned by RS Privatization Agency, and 1,013 shares or 0.76109% capital is owned by other shareholders.

Capital Value (BRA):

Registered cash capital

RSD 43,304,480

EUR 7,788,332.87

Registered non-cash capital

EUR 300,000

Paid-in cash capital

EUR 7,788,332.87 December 31, 2005

RSD 43,304,480 Februar 13,2012

Non-cash capital contribution

EUR 300,000 June 21, 2010


3.      Description and value of the subject of sale

 

Subject of sale is the Block of shares composed of 132,085 shares CFI code ESVUFR, ISIN no: RSELEKE38514, owned by Privatization Agency, representing 99.23891% of the total capital of Privatization Entity.


According to the certified appraiser’s report, the total estimated value of capital offered for sale as of 31 December 2013, amounts: EUR 173,191.73.


The Government of the Republic of Serbia adopted the Conclusion 05 No: 023-4114/2015 of April 16, 2015., by which state creditors are obliged to write off the debt of the Privatization Entity as of December 31, 2013. year, if in the process of privatization sells capital of the Privatization Entity.


4.      Starting price


Starting price for the subject of sale is 100% of the estimated value of capital, or EUR 173,191.73.


Deposit by the buyer shall be included in the sales price.


Currency of payment shall be Euro (EUR) or dinar (RSD - equivalent calculated at the average exchange rate for the euro by National Bank of Serbia on the payment date).


Declared buyer shall pay the sales price upfront.

Public Invitation
ЕЛЕКТРОПОРЦЕЛАН АД у стечају
Bankruptcy

Elektroporcelan ad

Location:

Београд

Core activity:

Manufacture of ceramic insulators and insulating fittings

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