Serbia Puts Nationalized Mill on Sales Block
03/04/2016 - The Serbian government is looking to sell a steel mill that it acquired -- for $1 -- from United States Steel Corporation in 2012, reports the Reuters news service.
The government has set a deadline of 30 March for binding bids on the Zelezara Smederevo mill. It also has set a bidding floor price of US$50 million, Reuters said.
Serbia acquired the plant and nationalized it in order to keep it running and save 5,000 jobs, Reuters said.
Serbia acquired the plant and nationalized it in order to keep it running and save 5,000 jobs, Reuters said.
