Greek chemicals firm Neochimiki won a tender for a majority stake in Rafinerija Nafte Beograd (RNB), Serbia’s biggest motor oil and lubricant producer, the Serbian privatization agency said yesterday, according to Reuters.
Neochimiki offered –EUR16.38 million for the 70% stake in RNB and pledged to invest a further EUR15 million.
“Neochimiki will hold 70%of the company while 15% will be held by employees and another 15% will go to the state privatization fund,” said privatization agency spokesman Rade Sevic.