Crisis to blame for failed IMT tender
01. December 2008. | 12:25
Source: Tanjug, limun.hr
Head of tractor producer Industrija masina i traktora (IMT) Slobodan Petrovic said that the financial crisis was one of the reasons why the tender for the sale of the company failed.
Head of tractor producer Industrija masina i traktora (IMT) Slobodan Petrovic said that the financial crisis was one of the reasons why the tender for the sale of the company failed.
He says that the majority of bidders saw IMT as a real estate deal, and not as a tractor producer.
According to him, the crisis is slowing down such activities, the prices of real estate are dropping, so it became uncertain whether the offered price would pay off.
Petrovic says that a tender for a strategic partner has to be announced as soon as possible if we want the company to survive in the Serbian market.
Comments (0)
Enter text: