Sale of Tutunski Kombinat AD Prilep

Sale of Tutunski Kombinat AD Prilep

The tobacco plant Tutunski Kombinat AD Prilep could receive a new owner by the end of the year, said the plant’s director Toni Dimitrievski. Even though the company is indebted, a number of foreign investors have shown interest in it. Dimitrievski did not wish to disclose any names, but said that companies from South Africa were interested in the complex, as well as one company from Turkey, while the Swiss were also actively involved.

In case the tobacco plant is split up, Spanish, Italian and one Dutch company will show interest as well. Dimitrievski nevertheless pointed out that the plant’s debts had to be paid off before it was sold. The factory finished last year with a loss of EUR 9 million, which is less than in 2006. More than 45 percent of the company’s capital is owned by the government.