HercegBosna.org

HercegBosna.org

Forum Hrvata BiH
 
Sada je: ned ruj 20, 2020 11:20 pm.

Vremenska zona: UTC + 01:00 [LJV]




Započni novu temu Odgovori  [ 1 post ] 
Autor/ica Poruka
 Naslov: Aluminij to accept improved bid for lease
PostPostano: uto ožu 24, 2020 2:11 pm 
Offline
Avatar

Pridružen/a: uto kol 18, 2009 5:38 pm
Postovi: 1080
Source: https://www.reuters.com/article/bosnia- ... SL8N2BG7BU

Bosnian region to accept improved bid for foundry lease

SARAJEVO, March 23 (Reuters) - A regional government in Bosnia will accept an improved offer from an Israeli-Chinese consortium to lease the foundry of indebted aluminum smelter Aluminij Mostar, officials said on Monday.

The deal would be the first step towards restarting production at the smelter which was shut down last July over debt incurred due to high electricity and alumina prices.

The Bosniak-Croat Federation government had rejected three previous proposals from the consortium of Israel’s M.T Abraham Group, China Machinery Engineering Corporation (CMEC) and China Non-Ferrous Metal Industry’s Foreign Engineering & Construction.

“This is a completely different offer,” a government source, who declined to be named, told Reuters. He said the regional government, which owns a 44% stake in the company, would accept the offer formally at its session on Tuesday.

Dragan Covic, the leader of the Bosnian Croat ruling Croatian Democratic Union (HDZ) party and a deputy in the national parliament, also told N1 television the regional government would approve the deal.

An attempt to find a strategic partner for the smelter failed after London-listed miner and commodity trader Glencore and other investors pulled out of talks on a possible takeover.

Aluminij’s small shareholders, who own 44% of shares, had also rejected the Israeli-Chinese consortium’s last offer, saying it was too low.

The regional government said previously the consortium had requested subsidized electricity prices and government guarantees for all future loans, which it was not ready to provide.

The new offer does not ask for government subsidies, the source said. He added the lease was agreed initially for two years and the deal would be off if the terms of the contract were broken.

Aluminij, which laid off all of its 900 workers in January, accumulated debt of almost 380 million Bosnian marka ($208 million), most of it to the local EPHZHB power utility.


Vrh
   
 
Prikaži postove “stare”:  Redanje  
Započni novu temu Odgovori  [ 1 post ] 

Vremenska zona: UTC + 01:00 [LJV]


Online

Trenutno korisnika/ca: / i 0 gostiju.


Ne možeš započinjati nove teme.
Ne možeš odgovarati na postove.
Ne možeš uređivati svoje postove.
Ne možeš izbrisati svoje postove.
Ne možeš postati privitke.

Forum(o)Bir:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Facebook 2011 By Damien Keitel
Template made by DEVPPL - HR (CRO) by Ančica Sečan
phpBB SEO