Mali: Binding bids for Komercijalna banka due by December 2

The second phase of a tender procedure to privatise Komercijalna banka is underway and will be completed on December 2 with the submission of binding bids by interested investors, Finance Minister Sinisa Mali said Tuesday.

15 Oktobar 2019 19:45

BELGRADE - The second phase of a tender procedure to privatise Komercijalna banka is underway and will be completed on December 2 with the submission of binding bids by interested investors, Finance Minister Sinisa Mali said Tuesday.

In the previous phase, four non-binding bids were received and the bidders qualified for the second phase, Mali told a press conference in the Serbian government building.

"A due diligence procedure - a detailed analysis of Komercijalna banka operations - is currently underway and we expect binding bids by December 2. Then we will know whether, and in what way, we have found the right partner for Komercijalna banka," he said.


Photo: Tanjug/F.Kraincanic


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