Macedonian government to call new tender for chemical firm Ohis.

By bne IntelliNews June 6, 2012
Macedonian economy minister Valon Saraqini said that the cabinet has decided to call a new tender to sell majority state-owned chemical plant Ohis, Dnevnik daily reported. The new tender will be called within a week. We remind that none of the four companies who bought tender documentation submitted a bid for the Skopje-based firm in the previous tender, which expired May 30. This was the seventh attempt for selling the chemical producer, with the economy ministry offering a 76.575% stake at a token starting price. Under the rules of the last tender, investors were required to preserve the current number of employees and keep the companys activity in the area of industry over a five-year period, among others. Meanwhile, late on June 6 Alfa TV broadcaster reported that Saraqini has met three companies interested in Ohis. The potential investors include one Macedonian and two Bulgarian companies. They demanded partial change of the companys activity and a reduction in the number of its employees. Ohis has 805 employees. The potential buyers want to be allowed to make energy investments. However, representatives of the trade union who also attended the meeting did not accept any involuntary layoffs. Last year, Ohis posted a consolidated net loss of MKD 1.66bn (EUR 27mn).
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