A new privatisation attempt for RTB Bor, one of the largest copper mining and smelting complexes in Europe, is planned. The company is looking enter into the privatisation process as soon as possible, and given the favourable prices of copper and investor interest, expectations are that it will occur soon.
Among the potentially interested investors are companies from China and Russia – including one of the largest Russian copper producers. RTB Bor is implementing the Prepacked Reorganisation Plan, through which the state has written off 900 million euros of the company’s debt. The remaining 300 million euros should be paid back over the next eight years, after one year grace period.
So far there have been three unsuccessful attempts to sell RTB Bor.
Company name: RTB Bor
Company website: www.rtb.rs
Company size: Over 5,000 employees