Global Ispat is the eligible buyer of KHK Lukavac

Global Ispat is the eligible buyer of KHK Lukavac

The sale of 16 per cent of a government stake in the coke and chemical complex of Lukavac (KHK Lukavac) failed yesterday, since there were no interested bidders.

According to the agent – Raiffeisen Brokers Sarajevo – 572,464 stocks were offered at BAM 5.98 each, so the entire 16 per cent were valued BAM 3.4 million. The federal Privatization Agency (APF) has scheduled the next auction for May 27 or 28, and the price will not change.

The Agency informed about the auction method being such that no offers other than the one by Global Ispat are expected. This is a British-Indian company that has a joint venture with KHK Lukavac – GIKIL. APF favours Global Ispat as the buyer of 16 per cent, and the 51 per cent of government share that will remain for a future sale.