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SERBIA: New Privatisation

On 15th of August 2014, Serbia’s Privatization Agency has announced the public invitation for collection of letters of intent for the sale of 502 state-owned companies and their subsidiaries. This is according to the New Law on State Asset Sale, which entered into force on 13th of August 2014.

Letters of intent must be submitted by 15th of September 2014.

The Agency will analyze the offers received from potential investors and within 45 days of the submission of the letters will present its proposal for the sale models to the Ministry of Economy. Mandatory legal deadline for privatisation is 31st of December 2015.

The state-owned companies portfolio are engaged mainly in the following industries:

  • Administrative & support services (13)
  • Construction (51)
  • Human health services (16)
  • IT & other information services (73)
  • Agriculture (35)
  • Manufacturing (113)
  • Transportation (21)
  • Professional, scientific & technical activities (67)
  • Wholesale and retail trade (83)
  • Accommodation & food services (21)
  • Other services