March perhaps to see Austrians acquiring Zelezara – Investment Fund, WFA, new hope for Smederevo

(Photo: zelsd.rs)

Austrian Investment Fund, WFA, is interested in purchase of Zelezara Smederevo, Blic reports.

December 12, the memo on cooperation which expresses an interest in purchase of 100% of Zelezara was signed by WFA and a assembly member of Zelezara, Milenko Dzeletovic. The document does not state price or other sales terms but it expresses will to engage both hot furnaces and start new lines.

So far, this has been the most serious try to find a purchaser for this state-owned company which in 2012 the Government bought from US Steel for one dollar.

The CFO of Zelezara Smederevo, Bojan Bojkovic, confirmed for Blic that WFA wants to buy the company and the memo on cooperation was signed. Still, he carefully adds that a document “is not obliging”.

- Their representatives have already visited Smederevo and they announced a new visit after the Christmas holidays – Bojkovic said.

Details on potential sales will be known by March.