PRISTINA (Serbia), June 27 (SeeNews) - The privatisation authority of the U.N.-run Serbian province of Kosovo said it had picked provisional buyers for a winery, who offered to pay 2.7 million euro ($3.39 million), and for a quarry, who offered 2.5 million euro.
Kosovo Trust Agency (KTA), the body charged with the sale of hundreds of state-owned companies in the province, discloses the names of the buyers only after it signs privatisation contracts with them.
The Kosova Vera winery owns 19 hectares of land with 15,000 square metres of built-up area. It is fully equipped for wine production but relies on third parties for grape supply. The winery was put up for sale in the beginning of the year. KTA had extended the bidding deadline by nearly two months due to lack of bids, KTA said on its website.
The Cikatova quarry assets include some 10,000 square metres of built-up area, while the total land area under its ownership is nearly 64 hectares.
KTA also said it had picked buyers for the companies, offered for sale in the 15th wave of privatisation in Kosovo.
Details follow about prices received by KTA for the companies included in the 15th privatisation wave.
COMPANY.............................LINE OF BUSINESS...........HIGHEST BID (in euro)
1. IFS Progress Prizren..........polyester producer.................1,110,000
2. Kosovotrans ...........................transport............................505,000
3. IFS Progres Istog.............polyester producer....................776,527
4. Agri-Station Gjakove......administrative building ................717,000
5. Restaurant Tirana..................restaurant.............................222,222
6. Magjistrala..........................agricultural land.......................166,000
7. Agri-Land Qesta................agricultural land.........................314,500
8. Malishgan........................agricultural land..........................355,555
9. Motel Nora .......................motel and restaurant.................443,194
10. Gusar ...............................cattle farm...............................131,000
11. Gusar...........................agricultural land...........................240,000
12. Leshan..................................warehouse...........................101,000
13. Koretin...........................agricultural land..........................45,555
14. Kamenica.........................veterinary..................................15,000
15. Viti........................................veterinary.............................91,265
16. Tregtia Shtime ...................shopping mall.........................942,000
17. Tregtia Prishtine & Lipjan......shopping mall.......................384,750
18. Runiku..................................office premises.......................61,235
19. Hotel Palas..............................hotel....................................305,550
KTA, which seeks to sell 90% of the assets of 500 state-owned companies in Kosovo by mid-2006, has sold around 320 of them so far, earning around 250 million euro.
Legally still a province of Serbia, Kosovo has been under U.N. administration since 1999 following NATO bombings that expelled Serb forces to end what Western powers said was repression of civilians in fighting an ethnic Albanian rebel insurgency. U.N.-brokered talks are underway to determine the future status of Kosovo.
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1 comment:
Well, actually there is high competition in privatisation process in Kosova. According to my estimates, almost each enterprise has been sold with higher value than what the enterprise is really worth. Therefore, taking into account that 90% of enterprises were not active since 1990 with deteriorated assets, or with assets transferred to "parent companies" in Serbia during 90s, 250 m is quite a lot for those enterprises.
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