Deadlines extended for offers for truck maker FAP, ISP glass factory

Serbia’s Privatization Agency  has decided to give more time to potential buyers of 86.5% stake in Priboj-based truck factory FAP, extending the deadline for binding bids to February 27.

The postponement was allowed upon request from unspecified companies which need more time to complete their offers, said FAP director Mirko Stojovic.

The third and possibly last privatization tender for FAP, which employs 2,000, was published in November last year and was already extended twice.

Founded in 1952, FAP owns 44,000 square meters of 78,000 square meters of its production compound in Priboj. With the production capacity of 7,000 vehicles a year, FAP makes 10 ton to 32 ton trucks, loaders, freezer trucks, cement mixers, tanker trucks, delivery vans, military vehicles and road maintenance vehicles. FAP also produces several types of bus shells.

The privatization authorities have also extended, for the third time, the bidding deadline in the tender for 100% of the glass manufacturing company Industrija Stakla Pancevo, to March 20. The tender was announced in October, without setting a minimum price.

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600450 Deadlines extended for offers for truck maker FAP, ISP glass factory
Date: 23 February 2009

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