Ministry of economy announces sale of Valjevska Pivara capital – Initial price at EUR 7 million

Serbian Ministry of Economy announced today the sale of the entire capital of Valjevska Pivara at the initial price of EUR 7 million.

The deadline for submitting applications for the public auction is October 5. The bids will be opened on October 8.

Valjevska pivara employs around 190 workers and operates at profit. The state took over the company after the failed privatization that took place in 2003.

Pivara was then sold for RSD 20 million to Belgrade-based Atlas Group consortium which consisted of Triglav Osiguranje d.o.o., Ekspres Gradina d.o.o and the former Atlas Bank. The company went bankrupt in 2010 because it couldn't pay off its debts.

Valjevska pivara a.d. Valjeva

Ministarstvo privrede Republike Srbije

Atlas Group Beograd

Triglav osiguranje a.d.o. Beograd

Valjevska Pivara

Ministry of Economy

Atlas Group

Triglav Osiguranje d.o.o

Ekspres Gradina d.o.o

Atlas Bank

sale of Valjevska Pivara capital

Valjevska Pivara business