Correction of the public invitation for participation in public auction organized under code 240409-3306p, for the purpose of sale of capital of the Socially-owned catering enterprise VRANJE, VRANJE

12. March 2009.
Due to noticed technical error in the Public invitation for participation in public auction, which was issued in the daily "Politika" on 10.03.2009, Privatization Agency announces:


CORRECTION OF THE PUBLIC INVITATION FOR PARTICIPATION IN PUBLIC AUCTION

organized under code 240409-3306p, for the purpose of sale of capital of the Socially-owned catering enterprise VRANJE, VRANJE.


The correction refers to the Basic information оn auction sale, so that it now reads as follows:

The right to participate in public auction have:

А) Domestic or foreign legal entity which cumulatively fulfill the following requirements:

1. it is registered for performing activities from the group of activities 55 - hotels and restaurants;
2. it achieved in the last business year operating income of at least EUR 2 million;
3. it owns a hotel, which is categorized as the four-star hotel.

A) A legal entity shall be deemed to have fulfilled conditions required for participation in public auction, if it is the owner of more than 50% of capital of legal entity, which cumulatively fulfills conditions required for participation in public auction.

B) Domestic or foreign individual who 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

1. A consortium shall be deemed to fulfill conditions required by this Public invitation, if a member or members of the consortium which cumulatively fulfill required conditions, participate in the consortium with at least 51% of total stake in the consortium.

Privatization

Restaurant management enterprise VRANJE

Location:

Врање

Core activity:

Hotels and similar accommodation

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Companies in Privatization

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Public invitation

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Companies in Control

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Companies in the Fund