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- Visit-Montenegro.com : Half a Billion Euro in Revenues and More Guests by Five Percent
- Visit-Montenegro.com : Each Fourth Guest from Serbia
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- Visit-Montenegro.com : Cooperation in Tourism and Culture
- Visit-Montenegro.com : Hoteliers Should Also Decrease their Prices
Visit-Montenegro.com : Cypriots and Arabs are Also in the Game for Igalo’s Institute
More Interested Companies for Takeover of Herceg Novi’s Health Center, Beside Miodrag Kostic and Hungarians: Consortium, which is headed by Cyprus’ “Venture One Limited” has expressed interest to buy “Institute Dr Simo Milosevic”, it has been confirmed to “Vijesti” in the Agency for Restructuring of Economy and Foreign Investments. Deadline for submission of offers 30 September.
Podgorica – Consortium, which is headed by Cyprus’ “Venture One Limited” has expressed interest to buy “Institute Dr Simo Milosevic”, it has been confirmed to “Vijesti” in the Agency for Restructuring of Economy and Foreign Investments.
Cypriots have bought tender documentation for Igalo’s Institute and signed a contract on data confidentiality, alongside companies “Saraya Holdings” from Abu Dhabi and “Signature MENA & Emerging markets”.
“Saraya Holdings” is also interested in the tourist valorization of former army complex “Orjenski bataljon” in Kumbor. Aim of the company is to become a leader in the development of elite tourism.
Interest to take over 56, 58 percent of state-owned shares of this Herceg Novi’s complex had been expressed earlier by Belgrade-based “MK Group” owned by businessman, Miodrag Kostic and Hungarian hotel-chain “Danubius”. These two companies bought tender documentation back in June.
Documentation for Igalo’s Institute costs Euro 10,000 and can be bought until 26 September. Extended tender for the privatization of this health center will be closed on 30 September, when the final list of companies which have submitted offers for its’ takeover will also be known.
Deadline for the submission of offers has been prolonged by two and a half months. According to the official explanation, interested participants at this tender have pointed out that the deadline for the submission of requested documentation was too short.
According to earlier announcement of the government and Institute’s management, investors from England, Norway, Holland, Russia, Israel, Austria and Spain have also expressed interest in buying this medical facility.
Offers for the takeover of this multidisciplinary spa-center in Igalo can be submitted by those who directly or indirectly posses 51 percent of the capital in at least one rehabilitation center and manage it.
Another precondition is that the bidder had positive business results during the last three years and that it has achieved total fluctuation of funds of minimum Euro 100 Million.
Those who apply for purchasing of Herceg Novi’s Center must either pay the deposit or provide an unconditional bank-guarantee amounting at Euro 200,000.
Participation at tender is also possible if they can prove that they have achieved incomes of minimum Euro 200 million during the past three years or that they are running the capital amounting at minimum Euro 100 Million.
Bidder must also submit letter of intent or a signed contract on running a renowned company which runs at least one center for medicine, rehabilitation and rheumatology.
Apart from the state-funds and the government, ownership structure of the Institute also includes Republic of Serbia with 25, 92 percent, “ICN Pharmaceuticals” with 1, 29 percent and minority shareholders with 16, 29 percent of shares.
(28 August 2008)
By: Iv.G.