Serbia Tries Again To Sell River Transport Co Kamenko Gagrcin

Eligible bidders should have been active in water transport in the past three years with operating revenue of at least 8.0 million euro ($11.5 million) in 2007, the government's Privatisation Agency said in a statement. Financial investors with total assets of at least 50 million euro each also will be considered eligible.

Serbia failed to sell Kamenko Gagrcin earlier this year after the tender commission decided to reject the candidate proposed by the Privatisation Agency and the ranking of the offers the asset selling body had made. The Serbian unit of cement producer Holcim, Bulgarian electricity producer Brikel and a consortium made of Serbian companies GP Napred, Hidro-Baza and Karin Komerc MD, had filed bids but the Privatisation Agency never announced how it had ranked them.

Kamenko Gagrcin owns a river port located close to the city of Sombor, in the northern region of Backa, and a fleet of 20 cargo ships with a combined capacity of 12,600 deadweight tonnes.

($=0.6922 euro)