BELGRADE (Serbia), July 4 (SeeNews) – Greek company Hellenic Sugar Industry has said it received three binding bids in an auction for the sale of its two factories in Serbia.
The bids were placed by Austrian food group Agrana, Serbian vertically integrated conglomerate MK Group and a consortium of France's Cristal Union and Croatia's Viro Tvornica, Hellenic Sugar Industry said in a filing with the Athens Stock Exchange on Monday.
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In May, Antonios Xatzidiamantis, president of Hellenic Sugar Industry, said nine investors from Western Europe and Serbia had qualified for the final stage of the tender and all of them were expressing strong interest in the purchase of the sugar mills located in Zabalj and Crvenka, in northern Serbia.
The tender was launched in January.
In November, the former president of Hellenic Sugar Industry, Christos Rossios, said the combined minimum selling price of the two factories was set at 25 million euro ($28.4 million) and the deal would allow Hellenic Sugar to repay debt and resume efforts to expand internationally.
Hellenic Sugar Industry owns 92.6% and 87.5% of the capital of the companies operating the two factories, respectively.