Goldman Sachs to explore investment opportunities in Serbia on July 24-25

By bne IntelliNews July 23, 2013

A Goldman Sachs delegation will visit Serbia on July 24-25 to hold talks with government officials on the current project the country is offering to investors, news agency Beta reported, quoting information from the energy ministry.

Energy minister Zorana Mihajlovic will host the delegation and meetings will be held also with deputy PM Aleksandar Vucic, agriculture minister Goran Knezevic and trade and telecommunications ministry officials.

Furthermore, the Goldman Sachs representatives will also visit the national directorate for commodity reserves and meet the leading people from state-controlled Transnafta (an oil pipeline operator and owner of oil storage depot in northern Serbia) and from two associations of grain producers and exporters – Zita Srbije and Zita Vojvodine.

The investment bank delegation will visit as well copper smelting and mining complex RTB Bor - the sole producer of copper and precious metals in Serbia, in order to receive more details on the company’s business operations and its planned development projects.

A Goldman Sachs delegation already visited Serbia in June, stating its interest in participating in the construction of oil storages in Serbia. Back then the global investors were introduced to list of priority projects of the Serb energy ministry. Goldman Sachs showed particular interest in the oil derivatives reserves, the new law on commodity reserves and a participation in the ownership of RTB Bor.

The investment bankers and the Serb government are expected to discuss some concrete proposals of their future cooperation during this week’s meetings.

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