Serbian economy ministry in new attempt to sell brewery

Izvor: N1 televizija, 16.Nov.2018, 13:33   (ažurirano 02.Apr.2020.)

Serbian economy ministry in new attempt to sell brewery

Serbia’s Ministry of the Economy has halved the asking price for the Valjevska Pivara brewery following a failed attempt to privatize it in September.

Friday’s statement said that the brewery is being sold at a starting price of 3.5 million Euros which is half of its assessed value with a deadline of December 17 for offers to be submitted. The ministry advertised the sale of the brewery in September at a starting price of seven million Euros but received no offers. >> Pročitaj celu vest na sajtu N1 televizija <<

The ministry statement said that Valjevska Pivara has some 190 employees and is operating with a profit.

The brewery was taken over by the government following a failed privatization attempt in 2003 when the Belgrade-based Atlas Group consortium bought it for 20 million Dinars (1 Euro – 68 Dinars at the time according to NBS data). It went into bankruptcy in 2010 because it could not service its debts.
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