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20. February 2003 - Thursday |
Serbian Privatization Ministry accepting offers for Zastava sales
BELGRADE - The Serbian Ministry for Economy and Privatization on Thursday invited all interested parties, including the YUCAN Corporation of Canada, to participate in the privatization of the Zastava Auto Works of Kragujevac, pointing out that it was in the interest of all citizens that the factory secure the best conditions from a strategic partnership.
The Ministry commented on media reports that YUCAN wants to buy Zastava and its subcontractors, in spite of a Letter of Intent Zastava earlier signed with Nucarco of the United States. The pre-contract with Nucarco does not prevent the Privatization Agency from negotiating with all parties interested in Zastava's privatization, the Ministry said.
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