Invitation Launched to Bid for Galenika Capital Boost
The Serbian Ministry of the Economy on April 4 published a call for potential strategic partners to offer a capital boost that will earn them a 25% stake in Belgrade's Galenika pharmaceuticals.
Once selected, the strategic partner will have to name at least five experts to run Galenika until the strategic partnership ends, each with at least 10 years of professional experience, of which five in managerial positions in the industry.
The right to tender is given to the companies or consortia that reported an income of no less than EUR50 million in 2015, and assets worth over EUR100 million.
The amount to buy a 25% stake in Galenika cannot be under EUR7 million. The deadline for the bidders to apply is May 4, and the deposit they need to pay has been fixed at EUR100,000.
(Beta, 04.04.2016)