Belgrade-based MPC Properties expects that Serbia’s Privatisation Agency will invite the company for negotiations for the acquisition of tractor and engines manufacturer Industrija Masina i Traktora (IMT), as the company, along with Italy’s Adriano Corsi, was ranked third in a tender for IMT, media reports showed.
MPC Properties is ready to start a due diligence in IMT as soon as it receives an invitation by the privatisation agency, the company said.
Agri investments consortium, comprising MPC Properties and Adriano Corsi, has offered 76 mln euro ($110 mln) buying price for 100 pct in IMT, but no post-privatisation investments.
(Editor’s note: The agency ranked first a consortium comprising Swiss-based Home Art & sales Services, part of Zepter, and Slovenian company SIP Strojna Industruja. A consortium made up of British Virgin Islands-based Neverfield Limited and Polish Pol-Mot Warfarma was ranked second.)
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