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Serbia: open call for strategic investor RTB Bor launched

Mandatory capital increase of USD 350 million

18 July, 15:33
(ANSA) - BELGRADE - The Serbian ministry of Economy has launched an open call for finding a strategic investor for RTB Bor, a very large state-run copper mining and smelting complex located in the eastern part of the country, local media reported.

According to the specialised portal Ekapija, companies interested in participating to the call have to send their submissions by August 20. To be eligible the companies, both local and foreign, should have exploited copper and other noble metals continuously in the previous ten years and have an operating revenue over USD 500 million. The future strategic partner will have to inject USD 350 million (approximately 300 mln euro) in the capital of RTB Bor, the economy ministry said in the tender notice, the financial portal SeeNews informed.

According to information appeared on Serbian media recently, eleven companies from Russia, China, Canada, Turkey and a Kazakh-European consortium expressed already interest in RTB Bor. (ANSA).

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