October 5 (SeeNews) - Serbia's economy ministry has said the financial offers of Switzerland-based Amicus and Brazil's EMS in the tender for privatisation of ailing drug maker Galenika will be opened in the second half of October.
The envelopes with the financial details of the binding bids will be opened after the ministry verifies the compliance of the submitted documents with the rules of the tender, the economy ministry said in a statement late on Wednesday.
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"At this moment it is not possible to define the exact date of the opening of the financial bids, but this is expected to take place in the second half of October," the ministry said.
The Serbian government launched the tender for the sale of its 93% stake in Galenika on September 1. The minimum price was set at 25 million euro ($29.4 million) for the repayment of Galenika's debt plus 1 euro for the tendering.
Amicus and EMS are the two potential buyers who have submitted binding bids in the tender within the October 2 deadline, the ministry said.
($ = 0.849275 euro)