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Dubai-based P&O Ports offers 8 mln euro for Serbian river port operator Luka Novi Sad

Monday, 25 March 2019 | 00:00

Dubai-based P&O Ports has placed a 7.99 million euro ($9.1 million) offer in a tender for the sale of Serbia’s Luka Novi Sad, the state-owned company operating the Danube river port of Novi Sad, a Serbian economy ministry official said.

“P&O Ports offers 7,988,389 euro,” the official said in a video file posted on the website of news agency Tanjug during the opening of the financial offer of the UAE-based company.

Earlier this week, the Serbian ministry of economy said P&O Ports placed a valid offer in the tender for the sale of Luka Novi Sad. The privatisation commission reviewed the submitted documents on March 18 after they were updated by P&O Ports earlier this month.

In January, P&O Ports placed the sole bid in the tender for Luka Novi Sad. The minimum price for the acquisition of 8,151,174 shares of Luka Novi Sad, representing 99.37763% of the company’s share capital, has been set at 7.99 million euro.

The port of Novi Sad is located in Serbia’s northern autonomous province of Vojvodina. The port operates 10 indoor warehouses with a total area of 45,968 square metres.
Source: SeeNews

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