Esmark Inc.

Government rejects U.S. company's offer for steel mill

BELGRADE -- The Serbian government on Tuesday decided against selling an 80-percent stake in the Smederevo-based Zelezara steel mill to the U.S. company Esmark.

This was announced by Prime Minister Aleksanadar Vucic during a news conference.

Decision on Smederevo steel plant to be made on Tuesday

BELGRADE -- The Serbian government will on Tuesday make its final decision on whether to allow the U.S. company Esmark to become majority owner of the Zelezara steel plant.

The decision will be made "after difficult negotiations," Tanjug is reporting.

BELGRADE - Serbian Prime Minister Aleksandar Vucic said Monday that the Serbian government had received a counteroffer from US steel firm Esmark late on Sunday and the revised offer would be discussed today.

BELGRADE - The talks between the Serbian government and U.S. company Esmark Inc. have reached the final phase, the government has announced.

BELGRADE - On the second day of the World Economic Forum in Davos, held under the motto of The New Global Context, Serbian Prime Minister Aleksandar Vucic will have a series of bilateral meetings, with the one with the First Vice-President of the European Commission, Frans Timmermans, scheduled to be the longest.

Steel maker's unions, Esmark reach deal

BELGRADE -- Esmark has signed an agreement with delayed effect on a coordinated collective agreement that should increase salaries in Zelezara by some 25 percent.

The U.S company is currently in negotiations with the Serbian government on a strategic partnership in the Smederevo steel mill Zelezara.

BELGRADE - Representatives of the US-based Esmark Inc., which is in negotiations with the Serbian government on a strategic partnership in the Smederevo steel mill, have signed an agreement with delayed effect on a coordinated collective agreement, which will see the salaries of the plant's employees rise by about 25 percent.

Esmark sole valid bidder in Zelezara privatization

BELGRADE -- A total of three bids arrived in a tender for the privatization of Zelezara Smederevo and only one offer, by US company Esmark Inc., was valid.

This was announced on Friday by Bojan Bojkovic, chair of a commission set up to implement a strategic partnership model for the privatization of the Serbian steelworks.

BELGRADE - A total of three bids arrived in a tender for the privatization of Zelezara Smederevo and only one offer, by US company Esmark Inc., was valid, Bojan Bojkovic, chair of the Commission for the implementation of the Strategic Partnership model for the privatization of the Serbian steelworks, said Friday.

LONDON - A deal on the Smederevo steel mill is very close, Serbian Prime Minister Aleksandar Vucic has said after discussions with Esmark Inc. CEO Jim Bouchard in London.

A public invitation will be issued in seven or eight days, with a tender to follow in 35-40 days, Vucic told the RTS.