Železara Smederevo

Steel plant sale negotiations "not easy"

BELGRADE -- The business plan for Zelezara Smederevo steel plant needs be in line with the agreement with the IMF and with EU rules, says Zeljko Sertic.

The Serbian economy minister at the same time "stressed that he is optimistic about reaching consensus on a strategic partnership with U.S. steel firm Esmark," Tanjug reported.

BELGRADE - The business plan for Zelezara Smederevo steel plant needs be in line with the agreement with the International Monetary Fund (IMF) and with EU rules, Serbian Economy Minister Zeljko Sertic has said, stressing that he is optimistic about reaching consensus on a strategic partnership with US steel firm Esmark.

BELGRADE - Serbian Prime Minister Aleksandar Vucic has said that he expects that the EU will support the takeover of the state-owned steel plant Zelezara Smederevo.

Vucic said that he expects that the agreement with Esmark Europe, part of U.S.-based Esmark Inc, will be signed by February 1, after the restructuring plan for the Serbian mill is approved by the EU.

"Esmark will revitalize Zelezara after transaction"

BELGRADE -- Esmark Europe B.V. has been officially notified that it was chosen as the strategic partner in the privatization of the steel mill Zelezara Smederevo.

Esmark's CEO has said that the company's team will focus on revitalziing the Serbian steel maker once the transaction is completed.

BELGRADE - Esmark Europe B.V. has been officially notified that it was chosen as the strategic partner in the privatisation of the steel mill Zelezara Smederevo, and Esmark's CEO has said that the company's team will focus on revitalising the Serbian steel maker once the transaction is completed.

Government accepts Esmark bid for steel plant

BELGRADE -- The Serbian government accepted on Monday a bid from the Amsterdam-based Esmark Europe B.V. for a strategic partnership in Zelezara Smederevo.

It also "signaled talks aimed at concluding the contract, the press office stated," Tanjug said in its report.

BELGRADE - The Serbian government accepted on Monday a bid from the Amsterdam-based Esmark Europe B.V. for a strategic partnership in the Smederevo Steelworks, and signaled talks aimed at concluding the contract, the press office stated.

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.

Deadline for Smederevo steel mill expires

BELGRADE -- The deadline for submission of bids for a 80.01 percent stake in Zelezara Smederevo expires today and all the received bids will be opened on January 9.