Macedonia to sell stakes in 4 troubled companies in February.

By bne IntelliNews January 11, 2010
The state will call sell-off tenders in February for its stakes in four troubled public companies, local TV channel Kanal 5 said quoting the economy ministry. Deloitte & Touche and Bulgarias Bulbrokers together with Stater Bank are the consultancies that are preparing the tender papers and the privatisation methodologies of the four firms. Deloitte & Touche will prepare the tender for chemicals manufacturer Ohis, while Bulbrokers will handle electronics maker EMO, tobacco maker Tutunski Kombinat and military equipment producer Eurokompozit. The sell-off is taking place in two stages in the first three months the consultancies are conducting due diligence and offer privatisation strategies, while in the second phase the buyers will have to be picked within nine months. The state will pay EUR 700,000 for the consultancy services.

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss