the Privatization Agency announces:
For participation in the public auction
- Socially-owned enterprise (hotel) VOJVODINA, NOVI SAD
The right to participate in public auction has:
А) Domestic or foreign legal entity which cumulatively fulfills the following requirements:
That it is registered for performing activities from the group of activities 55- motels and restaurants,
That it achieved business income during the last business year of at least EUR 2 million,
That it owns a hotel, which is categorized as a four-star hotel,
A legal entity shall be deemed to have fulfilled the conditions required for participation in public auction, if it is the owner of more than 50% of capital of a legal entity which cumulatively fulfills the conditions required for participation in public auction.
B) Domestic or foreign legal entity which is the owner of more than 50% of capital of a legal entity which cumulatively fulfills conditions required for legal entities for participation in public auction.
C) Consortium – A consortium shall be deemed to fulfill conditions from this public invitation, if a member or members of a consortium which cumulatively fulfill the required conditions, participate in the consortium with at least 51% of total stake in the consortium.
DEADLINE FOR SUBMISSION OF APPLICATIONS IS 26.02.2009, by 16:30.