AFP, Belgrade :
Serbia on Tuesday accepted an offer to sell the country’s sole steel mill, and its largest exporter, to China’s HBIS, the world’s third-biggest steel producer, the economy ministry said.
As the only bidder, “HBIS offered 46 million euros ($52 million), which is above the starting price required in the public call” for the Zelezara Smederevo plant, which lies 40 kilometres (25 miles) east of Belgrade, the ministry said in a statement published on government’s web site.
Serbia on Tuesday accepted an offer to sell the country’s sole steel mill, and its largest exporter, to China’s HBIS, the world’s third-biggest steel producer, the economy ministry said.
As the only bidder, “HBIS offered 46 million euros ($52 million), which is above the starting price required in the public call” for the Zelezara Smederevo plant, which lies 40 kilometres (25 miles) east of Belgrade, the ministry said in a statement published on government’s web site.
