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Dec 19, 2007 16:27 EEST
December 19 (SeeNews) - Bosnia's Muslim-Croat Federation on Wednesday again offered for sale its idled plastics producer Prony without setting a minimum price after a previous attempt to sell the company failed last year.
The Federation's Privatisation Agency said in a tender notice it is selling 100% of Prony in direct negotiations with interested investors. It put the book value of the company’s capital at 804,290 marka ($592,000/411,000 euro).
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The deadline for submitting offers is January 30, 2008, and negotiations with potential buyers will be held on February 5.
The agency will rank the received bids according to the investors' investment and employment pledges for the first three years after the sale of the company and their price offers.
Prony is based in Prozor, in the southern part of the Federation, which together with the Serb Republic forms war-divided Bosnia. It has capacities for the production of plastic profiles, pipes, plates and sheets.
(1 euro=1.95583 Bosnian marka)
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