January 19 (SeeNews) - Serbian state-owned copper miner and smelter RTB Bor said it has called a tender for the provision of consultancy services in a project for attracting a strategic investor.
The consultant will be in charge of the preparation and execution of transactions with potential investors, RTB Bor said in a public announcement on its website.
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Interested companies will be able to place their bids by February 8, RTB Bor said.
The Serbian government said in November it is in talks with Chinese investors on the privatisation of RTB Bor as part of the restructuring plan of the group.
In July, a Zajecar court approved the restructuring plan of RTB Bor allowing the write-off of 90% of its unsecured debt. Under the plan, the remaining 10%, or 300 million euro ($320 million), will be paid back over the next eight years with a one-year grace period, and the secured debt will be converted into equity.
($ = 0.9368 euro)