P&O Ports places sole bid for purchase of Serbia’s Novi Sad port operator

Dubai-based P&O Ports has placed the sole bid in the tender for the sale of Serbia’s Luka Novi Sad, the state-owned company operating the Danube river port of Novi Sad, the Serbian ministry of economy said.

The privatisation commission will review the submitted documents and if they comply with the established rules, the economy ministry will shortly proceed to the opening of the envelope containing the financial offer, the ministry said in a statement on Tuesday.

In December, Serbia launched a new tender for the sale of Luka Novi Sad after the previous attempt failed in November. The minimum price for the acquisition of 8,151,174 shares of Luka Novi Sad, representing 99.37763% of the company’s share capital, has been set at 7.99 million euro ($9 million), the economy ministry said back then.

No bidders turned up at the tender for the sale of Luka Novi Sad in November, when the minimum price was set at 15.98 million euro.

The port of Novi Sad is located in Serbia’s northern autonomous province of Vojvodina. The port operates 10 indoor warehouses with a total area of 45,968 square metres.
Source: See News