Companies of strategic interest, primarily because of the importance for the economy, the number of employees and size of the subject of privatization, are privatized through public tender. Generally, larger companies that can find a strategic partner are privatized through public tender. In tender privatization, in addition to the first important element which is the sale price, the other two elements which are used to evaluate the investor's offers are the investment and social program. Tender results of privatization can be viewed in relation to the achieved sales price, social and investment program. The public tender is the method of privatization, or sale, 70% of the socially-owned or state-owned capital by public collection of bids from potential buyers in accordance with established terms of sale. Privatization (sale) by public tender includes preparation, submission and receipt of bids, opening and evaluation of bids and concluding contracts of sale.
Albina Kecman. "Tender Privatization In Republic Of Serbia Sale Procedure And Results." Montenegrin Journal of Economics. vol. 5, no. 10, 2009, p. 159-169
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