Three offers to take over Serbias RTB Bor

Izvor: N1 televizija, 22.Avg.2018, 14:10   (ažurirano 02.Apr.2020.)

Three offers to take over Serbia's RTB Bor

Three companies have made offers for a strategic partnership with the Mining and Smelting Basin (RTB) Bor, Belgrade daily Vecernje Novosti said on Wednesday.

The daily said that the Chinese Zi Yin, Cyprus-based U Gold (which has Russian financial backing) and the Canadian-Finnish investment fund Champion are bidding to take over the RTB Bor. The Serbian Finance Ministry has confirmed that three companies from China, >> Pročitaj celu vest na sajtu N1 televizija << Russia and Canada have submitted offers but did not specify their names.

Under the rules of the tender, a strategic partner for the RTB Bor has to invest at least 340 million Dollars into the company, increase production three to four times over the next 4-5 years and keep all 5,000 employees in their jobs.

Vecernje Novosti says that the Chinese company made an offer in order to get a position on the European market. The daily said it could not find out much about U Gold, except that it is reported to own coal mines in the Ukraine and hotels in Montenegro. The Champion fund invests in mining and has already expressed interest in a strategic partnership with the RTB Bor.

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