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Nov 06, 2007 13:15 EEST
November 6 (SeeNews) - Serbia has ranked a consortium of Cyprus-registered Tamoza Trading and Singapore-based Daxin Petroleum Pte the best bidder in a tender for 70% of its river shipping company Jugoslovensko Recno Brodarstvo (JRB), the government’s asset-selling agency said on Tuesday.
The consortium has offered to pay 32.25 million euro ($46.83 million) for the majority stake and to invest a further 10 million euro, the Privatisation Agency said in a statement. It did not elaborate.
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A deal with the first-ranked bidder should be signed within 30 days if negotiations with it are completed successfully, the statement added.
The agency ranked in the second position a consortium made of Malta’s Palmali Shipping Sa and Palmali Holding Company Limited, Cyprus-based East Point Holdings Limited was third and Bucharest-based Transport Trade Services was ranked fourth.
JRB generated 2.2 million euro in revenue from cargo transport in 2006, down from 10.9 million euro in the previous year.
($ = 0.6886 euro)
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