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Serbia looks for investors to sell three petchem plants

by ChemOrbis Editorial Team -
  • 31/03/2017 (12:26)
According to Reuters, Serbia is looking for investors to sell its three indebted, state-owned petrochemical plants, as part of the country’s plans to accelerate growth and decrease the national debts. The investments will be for HIP-Petrohemija, which produces plastic compounds; HIP-Azotara, which makes fertilizers and MSK Kikinda, which produces methanol and acetic acid.

Serbia has to sell its major state-run firms, including the three mentioned petrochemical plants, under a loan-deal worth €1.2 billion, which was signed between Serbia and International Monetary Fund and will expire next year.

Potential investors will be asked to submit their proposals until May 3, the reports revealed.
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