Serbia Will Struggle To Gain Funds From Privatisations

On May 15 Austria's A-TEC submitted a bid for Serbia's RTB Bor, the country's debt-laden copper miner - this is Serbia's fourth attempt to privatise the RTB Bor. This time around it is offering a 40% stake in the company with a minimum commitment of US$116mn, with the potential for the winning bidder to raise its stake to 67%. A-TEC, Austria's sole copper producer and a European leader in copper processing, was the sole bidder.

To read the full article, please choose one of the following options: