"Kamenko Gagrčin" sold to "Holcim" for 1.5m EUR

River transportation company DTD "Kamenko Gagrčin" from Sombor has been sold to cement factory "Holcim" Serbia - the Privatization Agency announced today (June 4, 2009).

According to the announcement, "Holcim" paid 1.5m EUR for 68.9% of capital of "Kamenko Gagrčin", while the sales contract ancitipates mandatory investment programme worth 1m EUR.

It is added that the buyer unconditionally accepted minimum obligations from the social programme.

The second-ranked bidder on the second tender for sale of Sombor-based company for transportation of goods is "Hidro-baza" from Belgrade, which offered 100,000 EUR and 1m EUR worth of investment programme.

The tender was announced on December 18, 2008, the deadline expired on March 2nd, while the bid was also submitted by Novi Sad-based "Dunav grupa agregati", which, as it was announced earlier, failed to meet the tender terms.

The first tender for sale of company "Kamenko Gagrčin" was declared as unsuccessful at the end of October 2008, but it was not explained on that occasion why the Tender Commission rejected the proposal about ranking of the bids that was suggested by the Privatization Agency.

The bids on the first tender were submitted by cement factory "Holcim" Serbia from Popovac, Bulgarian company "Brikel" and the consortium of Belgrade-based companies"Napred" and "Hidro-baza" and "Karin komerc" from Šid. The bid submitted by the consortium was rejected because it did not meet the qualification terms of the tender.

Company "Kamenko Gagrčin" deals with shipping, and it owns a pier in Great Bačka Canal in the vicinity of Sombor, a fleet of 20 vessels for loading, unloading and transportation of dry dispersed freight, with total capacity of 12,600 tons.