Bids to privatise the Smederevo (Serbia) steel mill will be opened Friday, and Tanjug has learned that China's HBIS is the only company that submitted a bid before the expiry of the deadline.
The initial price of the Smederevo giant, which has around 5,000 employees, is EUR 45.68 million - 50 percent of its estimated worth.
Minister of Economy Zeljko Sertic told Tanjug that the suitability of the bid will be determined within the next two weeks.
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